"... state-owned enterprise clients “present due diligence or security concerns, and possibly payment delays" Payments delays from SOEs is the polite way to re

"... state-owned enterprise clients “present due diligence or security concerns, and possibly payment delays" Payments delays from SOEs is the polite way to reference the resurgence of triangle debt and is deliberate, not accidental as a gentle reading would have you believe. It's a shell game where the SOE blames downstream payment delay to avoid paying their own debts. Originally called a triangle because SOEs would use it against the other e.g. SOE1 not paying SOE2 because supplierA never paid up. But SupplierA is actually owed money by SOE2. SOE2 never paid SupplierA because it's owed money by SOE1. Beijing of course doesn't let anything bad happen to SOEs so they end up drawing and quartering SupplierA just because SupplierA is legally disallowed from refusing SOE contracts, which started this whole mess. Hopefully dear reader, you can see the knock on effects to the economy.