Jiangsu, the country’s second largest provincial economy – 9.26 trillion yuan (US$1.37 trillion) – accounted for 16.7 per cent of the discredited businesses that were added to the national blacklist last year, more than any other region. Photo: EPA
China’s social credit system report shows richest provinces are home to the most dodgy firms
- Firms in Jiangsu and Guangdong provinces top the list of new additions to blacklist in 2018
- Bogus advertising, illegal activities in property industry, substandard health care products and P2P lending fraud are typical cases
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China economy
Jiangsu, the country’s second largest provincial economy – 9.26 trillion yuan (US$1.37 trillion) – accounted for 16.7 per cent of the discredited businesses that were added to the national blacklist last year, more than any other region. Photo: EPA