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.
do they mean BYD or china?
It’s BYD, but the Chinese government supports BYD, so the government is part of it.
TIL that buying and selling BYD debt is a thing.
