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The system, which will monitor all aspects of a company's operations, is designed to control corporate behaviour through the use of blacklists and joint punishments. For foreign companies, it could spell “life or death.”
September 12, 2019 at 05:00 AM
1 minute read
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The EU Chamber of Commerce in China (EUCCC) has issued a stark warning to foreign companies operating in China, saying they must start preparing for China’s corporate social credit scoring system or risk “[dying] by the score”.
A new report authored by the EUCCC in conjunction with the consulting firm Sinolytics, warns that the corporate social credit system “will be the most comprehensive system created by any government to impose a self-regulating marketplace”.
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