China’s Social Credit System: Scope of Information Collection and Punishments for Untrustworthy Entities
Rules for the implementation of China’s social credit system are becoming clearer and businesses need to prepare for strict legal and regulatory compliance.
The government released new documents on China’s social credit system for companies, clarifying types of violations and ways to restore bad social credit.
China’s first piece of legislation governing the social credit system will help to improve societal trust and market transparency.
A new policy document seeks to use the Chinese corporate social credit system to build trust in society and boost the economy. Here’s what you need to know.