China's Automakers Pledge 60-Day Payment Terms in Rare Coord…

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Image generated by AIAsianFin -- China's auto industry took a rare and coordinated step toward rebuilding supply chain confidence on Tuesday night, as several of the country's top automakers pledged to settle payments with suppliers within 60 days.State-owned giants FAW Group, Dongfeng Motor, GAC Group, and Seres released nearly identical statements in quick succession, promising to shorten payment periods for small