China’s corporate social credit system will require companies to report enormous amounts of data to Chinese officials, including information on their business partners. Photo: BloombergChina’s corporate social credit system will require companies to report enormous amounts of data to Chinese officials, including information on their business partners. Photo: Bloomberg
China’s corporate social credit system will require companies to report enormous amounts of data to Chinese officials, including information on their business partners. Photo: Bloomberg
Economy /  Global Economy

China’s social credit system for business creates new and complex headaches for EU trade officials

  • Sources say China’s corporate social credit system is an impediment to finalising the bilateral investment treaty with the EU, under negotiation for six years
  • The NBA’s freedom-of-speech crisis is seen as an example of how China could use the system to punish Western firms and complicate future trade negotiations
Topic |   China economy
Ryan SwiftFinbarr Bermingham
Ryan Swift and Finbarr Bermingham

Updated: 5:50am, 6 Nov, 2019

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China’s corporate social credit system will require companies to report enormous amounts of data to Chinese officials, including information on their business partners. Photo: BloombergChina’s corporate social credit system will require companies to report enormous amounts of data to Chinese officials, including information on their business partners. Photo: Bloomberg
China’s corporate social credit system will require companies to report enormous amounts of data to Chinese officials, including information on their business partners. Photo: Bloomberg
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