TOKYO -- China is tackling the cash flow crisis at smaller companies by pressing their big clients to pay bills faster, starting with the EV industry, where leader BYD may be headed toward a steep cost increase.
Electric cars in China
BYD to face cost pressure as Beijing pushes quick supplier payments
Effort to boost cash flow at small businesses may hurt big companies' growth
BYD's total accounts payable soared to around $35 billion as of the end of March. (Photo by Tomoko Wakasugi)
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