Foreign companies will be required to hand over to Beijing more data for scrutiny. Illustration: Lau Ka-kuen
Foreign companies will be required to hand over to Beijing more data for scrutiny. Illustration: Lau Ka-kuen

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

Foreign companies will be required to hand over to Beijing more data for scrutiny. Illustration: Lau Ka-kuen
Foreign companies will be required to hand over to Beijing more data for scrutiny. Illustration: Lau Ka-kuen
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