To fund expansion, Chinese electronics and auto companies like Xiaomi, SAIC and Haier in India tap reserves, loans

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Some like Haier and Midea Group are using a mix of cash reserves and loans including external commercial borrowings (ECBs), while financials of Lenovo and Xiaomi showed an increase in their cash reserves and borrowings, indicating preparations for higher working capital needs for expanding operations.

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To fund expansion, Chinese electronics and auto companies like Xiaomi, SAIC and Haier in India tap reserves, loans

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