Core Viewpoint - The article emphasizes the persistent issue of accounts receivable delays among enterprises, which negatively impacts cash flow, operational activities, and economic efficiency, ultimately hindering the smooth circulation of the national economy and the establishment of a new development pattern for high-quality economic growth. It highlights the unique advantages of bills in addressing these issues and advocates for the promotion of accounts receivable billification as a long-term mechanism to resolve the problem of delayed payments among enterprises [1]. Group 1: Accounts Receivable Trends - Since 2014, the scale of accounts receivable for large industrial enterprises in China has continuously increased, rising from 10.52 trillion yuan at the end of 2014 to 27.43 trillion yuan by the end of 2025, marking a growth of 1.6 times. By the end of 2025, accounts receivable will account for 19.57% of GDP and 29.10% of current assets. The recovery period for accounts receivable has also lengthened from 39.5 days at the end of February 2015 to 67.9 days by the end of 2025 [3]. Group 2: Impact of Delayed Payments - The generation of accounts receivable stems from credit sales between enterprises, which is a normal commercial behavior in a market economy. However, when core enterprises leverage their competitive advantage to use delayed payments as a business strategy, it can severely squeeze the survival space of smaller enterprises, leading to liquidity crises and operational difficulties. This behavior can create a chain reaction throughout the supply chain, damaging the stability and sustainability of the economic environment [4]. Group 3: Historical Experience in Resolving Payment Issues - In the early 1990s, China faced significant issues with inter-enterprise payment delays, with non-normal debts reaching 200 billion yuan, accounting for over 11% of GDP. The government established a leadership group to address these issues, implementing measures to standardize commercial credit and promote commercial bills to restore normal credit relationships among enterprises. The approach included encouraging enterprises to actively collect payments and utilizing commercial bills to facilitate transactions [6][7].