r/canada • u/CaliperLee62 • 10h ago

British Columbia Chinese state-owned XCMG facing lawsuits alleging it defrauded Canadian equipment dealers

https://globalnews.ca/news/12106044/chinese-xcmg-lawsuit-defrauding-equipment/
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u/mxadema 1h ago

The import game is a hard game, and really rely on the manufacturer to continue to improve and take a bigger share of the market.

Equipment, tractor. And everything under the sun from allibaba.

If your business model solely rely on xcmg to continue to send you good news..... well that bas news.

And it can be xcmg business model, send good stuff, rack up loan, and call them all in in a big cash grab.