CX Daily: China Lifts the Lid on Multitrillion-Yuan Corporate IOU Market
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In Depth: China Lifts the Lid on Multitrillion-Yuan Corporate IOU Market
Last year, Chinese regulators began mapping out the opaque market for corporate IOUs that has allowed big-name companies like automaker BYD Co. Ltd. (002594.SZ -0.98%) to defer payments to suppliers on a massive scale, putting strain on the financial health of China’s industrial backbone.
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