EU firms were warned that the Chinese government’s new measures could be turned against them. Photo: Bloomberg

China’s social credit system ‘could be used against companies in international trade disputes’

  • EU Chamber of Commerce report says data collected could be used to compile blacklist of ‘unreliable entities’
  • Companies will be subject to series of rewards and punishments and they have been told ‘no one should be naive about this’
Topic |   China's social credit system

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EU firms were warned that the Chinese government’s new measures could be turned against them. Photo: Bloomberg
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Efforts to reform China’s state-owned sector have stalled. Photo: AFP

European firms seek Chinese private sector allies in push to reform state sector

  • Foreign companies share a number of concerns with local businesses about the preferential treatment given to state-owned enterprises
  • Sources say firms are looking for local partners, but political sensitivities will shape their approach
Topic |   European Union

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Efforts to reform China’s state-owned sector have stalled. Photo: AFP
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