News Snapshot:
Updates to China’s Social Credit System: Violations and Restoring Bad Credit The social credit system in China has left many foreign enterprises worried about their status of compliance and managing situations that could potentially lead to bad social credit. Responding to requests for greater clarity and transparency on how the system works, the State Administration for Market Regulation recently released two new documents on the administration of China’s social credit system for companies. The documents clarify the types of violations and dishonest behavior that can land a company on the country’s corporate blacklist, and what recourse they have to restore...
