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Auto sector first in line as China enforces new SME payment regulations

By MLex Staff ( July 10, 2025, 07:50 GMT | Insight) -- A new complaint platform launched by China’s chief industrial and information technology agency is injecting fresh momentum into Beijing’s broader campaign against "involution-style" competition — a term increasingly used to describe excessive, self-defeating business rivalry that undermines long-term competitiveness.  The auto sector, one of China’s strategic-pillar industries, has become the first major testing ground for implementation of the newly revised regulations on ensuring payments to small- and medium-sized enterprises.A new complaint platform launched by China’s chief industrial and information technology agency is injecting fresh momentum into Beijing’s broader campaign against "involution-style" competition — a term increasingly used to describe excessive, self-defeating business rivalry that undermines long-term competitiveness....

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