Beijing is planning a carrot-and-stick approach to stop large corporations from exploiting their market dominance to delay payments to small and medium-sized enterprises (SMEs) as part of a broader campaign to curb cutthroat competition.“In recent years, we have observed that some large enterprises – in order to save on financial costs and gain a competitive advantage – have exploited their dominant market position to delay payments to suppliers,” said Cao Yuanyuan, director of financial...