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

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

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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: Bloomberg
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Xi Jinping used his keynote address at the China International Import Expo to underline China’s commitment to opening up its economy. Photo: AFP

China will open market further in push to bring down global trade barriers, Xi Jinping tells import expo

  • China’s president has urged global leaders to bring down trade barriers and resist protectionism in a speech at the China International Import Expo
  • Xi’s comments come a day after the closing of the Canton Export Fair, at which export orders fell for the third year in a row amid the US trade war
Topic |   China economy

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Xi Jinping used his keynote address at the China International Import Expo to underline China’s commitment to opening up its economy. Photo: AFP
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