Sept 14 — At a State Council press briefing on measures to address SME payment difficulties, MIIT vice minister Ke Jixin said the State Council general office recently issued a notice to strengthen governance of SME receivables. He said most industries lack formal settlement rules and some large firms exploit loopholes to delay payments by blurring payment terms. The notice clarifies how SMEs can obtain outstanding balances and directs industry leaders to publish and honor a 60-day payment commi

Sept 14 — At a State Council press briefing on measures to address SME payment difficulties, MIIT vice minister Ke Jixin said the State Council general office recently issued a notice to strengthen governance of SME receivables. He said most industries lack formal settlement rules and some large firms exploit loopholes to delay payments by blurring payment terms. The notice clarifies how SMEs can obtain outstanding balances and directs industry leaders to publish and honor a 60-day payment commitment to encourage timely payments across supply chains.