Group 1 - The core viewpoint of the articles highlights the increasing financial pressure on supply chains in China, particularly affecting small and medium-sized enterprises (SMEs) due to delayed payments and financing difficulties [1][2][3] - The scale of accounts receivable for large industrial enterprises has grown significantly, with a cumulative increase of 168% from 2011 to 2021, while revenue only grew by 51.7% during the same period [2] - The average collection period for accounts receivable has extended from 49.5 days in 2021 to 70.9 days by March 2025, indicating worsening cash flow issues for SMEs [2][3] Group 2 - The newly issued notification by the People's Bank of China and other regulatory bodies aims to address the issues of delayed payments and financial strain on SMEs, mandating core enterprises to pay SMEs promptly and share financing costs fairly [3][4] - Technological innovation is reshaping supply chain management, with digital supply chains enhancing resource allocation and market responsiveness through real-time data sharing and collaboration [4][5] - The trend towards platformization and ecosystem development is shifting competition from individual enterprises to collaborative systems, promoting resilience in the supply chain [5][6] Group 3 - The automotive industry faces challenges with long payment terms from major manufacturers, which impacts the financial stability of many small suppliers [7] - The China Automotive Industry Association and the Ministry of Industry and Information Technology have proposed a 60-day payment term for chain-leading enterprises to alleviate financial pressure on SMEs [7][8] - A stable and efficient supply chain is essential for improving product quality and fostering technological innovation, which is crucial for enhancing international competitiveness in the automotive sector [7][9] Group 4 - Collaborative efforts among government, enterprises, and financial institutions are necessary to improve the financing environment for SMEs and enhance supply chain management [8] - Core enterprises are encouraged to adhere to payment agreements and reduce financial strain on their supply chain partners, while SMEs should enhance their management and digital capabilities [8][9] - The development of supply chain financial infrastructure is vital for achieving a more efficient and equitable supply chain system, which will support high-quality economic growth in the future [9]