· Robin Wen · Finance & Markets
Payment Terms Follow Scarcity, Not Rules
China's listed carmakers promised 60-day supplier payment in June 2025. On the fiscal-statement measure it is 187 days. Battery makers moved the other way.
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One event. Primary sources. A judgment you can argue with.
· Robin Wen · Finance & MarketsChina's Data Property Certificates Can Finally Travel
China's national data registry issued 56 certificates in September. Provincial pilots had already issued more than 40,000. The difference is recognition.
· Robin Wen · TechnologyThe MATCH Act Draws Its Line at Today
The MATCH Act would exempt allied-owned fabs already in China, but not ones built later. That is a stricter rule than Washington applies to itself.
· Robin Wen · Industry & ManufacturingThe Hardest Metamaterial Test Is a Train
China's 400 km/h CR450 uses acoustic metamaterials to hold cabin noise down. The same material family sits on the J-35. The train is the harder case.