BYD pushes payment to suppliers to 275 days. Borrowing from the supply chain hides their debt burden and creates conditions that may cause a systemic collapse, taking their suppliers with them.
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Thanks for posting. 👍
This is really interesting, if you have any interest in economics in general, I highly recommend to watch this.Thank you. I didn’t like the title bit the content really gives a good look at Chinese EV economics.
TIL that buying and selling BYD debt is a thing.
do they mean BYD or china?
It’s BYD, but the Chinese government supports BYD, so the government is part of it.
