China is rolling out stricter safeguards for small and medium-sized enterprises (SMEs) with updated payment regulations signed by Chinese Premier Li Qiang! The new rules, effective June 1, promise quicker cash flow for SMEs by requiring large companies to settle invoices within 60 days after receiving goods or services—think of it as a financial adrenaline shot for businesses.
This revision aligns with China's push for a fairer, more dynamic private sector, now legally recognized as a “vital pillar” of the economy. From clearer deadlines to tougher penalties for late payments, the policy aims to dismantle roadblocks for SMEs—which employ over 80% of China’s workforce.
Bonus perk? Enhanced complaint systems and oversight mechanisms mean companies can’t just swipe left on paying their bills anymore. Analysts say this could spark innovation across Asia’s tech and manufacturing scenes, making China’s markets even more investor-friendly.
NewspaperAmigo – Your Global News Buddy 
The new rules, effective June 1, promise quicker cash flow for SMEs by requiring large companies to settle invoices within 60 days after receiving goods or services—think of it as a financial adrenaline shot for businesses. 
From clearer deadlines to tougher penalties for late payments, the policy aims to dismantle roadblocks for SMEs—which employ over 80% of China’s workforce. 
Analysts say this could spark innovation across Asia’s tech and manufacturing scenes, making China’s markets even more investor-friendly. 
