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Caixin Global
Caixin Global

Business Brief (Aug. 24): China Ramps Up Push to Clear Business Arrears

China State Council Switzerland

State Council targets business arrears

Premier Li Qiang chaired a State Council meeting on Aug. 21 that laid out further measures to clear outstanding debts owed to businesses, stressing the need to address the problem of large enterprises defaulting on payments owed to small and midsize enterprises and to strictly prevent new arrears.

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