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China To Stop Large Firms Defaulting On SMEs - Regulator

CHINA PRESS
MNI (BEIJING)

Policymakers in Beijing have begun a crackdown against large firms defaulting on payments owed to SMEs, which they say have become an increasing problem in the economy, according to the State Administration for Market Regulation. The central administration will work with local authorities to intensify punishment for major cases in accordance with the law and strengthen the accuracy and reporting standards of the national enterprise credit disclosure system.

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

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