Foreign companies will be required to hand over to Beijing more data for scrutiny. Illustration: Lau Ka-kuen
China's social credit system
Why US businesses should be worried about China’s corporate social credit system
- Though it hasn’t been formally launched, the system has already been used to force international firms to adopt Chinese values on politically sensitive issues
- Punishments could include being denied access to cheap loans, higher import and export taxes and key personnel being prohibited from leaving China
Topic |
China's social credit system
Foreign companies will be required to hand over to Beijing more data for scrutiny. Illustration: Lau Ka-kuen