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Eight Chinese automakers issue statements on actively implementing initiative on payment of accounts payable
On September 15, the China Association of Automobile Manufacturers (CAAM) issued the “Initiative on Standardizing the Payment of Accounts Payable by Automakers to Suppliers” (the Initiative).
The Initiative requires that large automakers not take advantage of their dominant position to infringe upon suppliers’ intere....
The Initiative requires that large automakers not take advantage of their dominant position to infringe upon suppliers’ intere....
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