Social Credit for Domestic and Foreign Companies Too

Back in 2018 I warned, If I was running a visible American brand in China, I'd be thinking about lowering my profile right now. . Nothing much has happened to this point in terms of boycotts, but the pieces are in place for a much stronger crackdown.

Breitbart: China Uses ‘Social Credit System’ to Control Domestic, Foreign Companies

Bloomberg News provided the example of China Railway Construction Corporation, a company that covered up some fatalities on a railroad project in Mongolia, got caught, and was banned from doing business for a year as well as being “subject to more inspections, limits on bidding for public projects and restrictions on issuing bonds and shares.” And those were only the immediate consequences – there is no telling how long the demerits fed into the social credit system will haunt the company and its managers across every province of China.

“The system will be widely used in China to oversee domestic and foreign companies, and firms have to assign resources to keep a real eye on making sure their records are clean,” noted Andrew Polk of the Trivium China consulting firm.

...The Chinese government is not shy about warning that American companies could be blacklisted as part of the trade war, or in retaliation for U.S. criticism of Chinese policies such as the internment of Uyghur Muslims in concentration camps.