China is now compiling an “unreliable entity” list to sanction foreign firms who hurt Chinese companies for non-commercial reasons, a response to sanctions from the United States against Chinese telecommunications equipment giant Huawei. Photo: AFP

China pushing ahead with controversial corporate social credit rating system for 33 million firms

  • National Reform and Development Commission has completed its initial assessments, which will be used to label firms excellent, good, fair or poor
  • Foreign firms fear they will be targeted in the event of a trade dispute or to give domestic firms a commercial advantage
Topic |   China economy

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China is now compiling an “unreliable entity” list to sanction foreign firms who hurt Chinese companies for non-commercial reasons, a response to sanctions from the United States against Chinese telecommunications equipment giant Huawei. Photo: AFP
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