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09.16
2026

China State Construction Engineering Corporation's accounts payable exceed 1 trillion yuan, with extended payment cycles

On August 29, the semi-annual report of China State Construction Engineering Corporation showed that its accounts payable exceeded 1.1 trillion yuan, with nearly 300 billion yuan overdue for more than a year. The company admitted to extending payment cycles for subcontracted projects, despite holding 395.1 billion yuan in cash and cash equivalents. On September 10, the State Council required state-owned enterprises to take the lead in making timely payments, focusing on large enterprises that have sufficient cash but still delay payments.

Reported
09.13
2026

Central United Front Work Department Holds Training Class for Private Enterprises, Sets Political Requirements

From September 8th to 10th, the Central United Front Work Department held a training class for senior management talents of key private enterprises in Dalian, with over 50 entrepreneurs participating. Shen Ying, the deputy minister in charge of daily affairs, requested in her opening speech that private entrepreneurs thoroughly study Xi Jinping Thought, uphold the "Two Establishes," achieve the "Two Maintains," and always be "politically astute individuals."

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