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
Topic |   China's social credit system

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