Changes to China’s Corporate Social Credit System: How could this impact your business?
The 2023 Government Work Report, released earlier this month of March 2023, has proposed to further “improve the social credit system”, bridging gaps in its implementation, the scope of data collected, and adjusting penalties for ‘good’ and ‘bad’ credit ratings. This may come with a higher risk of consequences for non-compliant business-owners and stakeholders, with […]
