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

The report warned the corporate social credit system would cover all aspects of a company’s business in China. Their behaviour in a number of fields – such as tax, customs, environmental protection and product quality – will be rated as will their compliance with the government’s requirements.

China’s social credit system may soon target online speech

For companies, higher scores will mean lower tax rates, better credit conditions, easier market access and more public procurement opportunities, but lower scores could lead to sanctions and blacklisting.

CONTINUE READING at South China Morning Post — China’s social credit system ‘could be used against companies in international trade disputes’ | South China Morning Post

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