A clerk counting Chinese 100 yuan banknotes at a branch of a foreign bank in Beijing, China. Photo: Reuters

Clarity needed on new ratings system for foreign business

  • Overseas firms and Chinese authorities must work together on what is a game-changer to create a level playing field for all businesses
Topic |   US-China trade war

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A clerk counting Chinese 100 yuan banknotes at a branch of a foreign bank in Beijing, China. Photo: Reuters
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EU firms were warned that the Chinese government’s new measures could be turned against them. Photo: Bloomberg

China’s social credit system ‘could be used against companies in international trade disputes’

  • EU Chamber of Commerce report says data collected could be used to compile blacklist of ‘unreliable entities’
  • Companies will be subject to series of rewards and punishments and they have been told ‘no one should be naive about this’
Topic |   China's social credit system

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EU firms were warned that the Chinese government’s new measures could be turned against them. Photo: Bloomberg
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