China's Corporate Social Credit: a Comprehensive Compliance Enforcement System

Sep 20, 2019
| By Vincent Chow
Set to be fully implemented in 2020, China's corporate social credit system will monitor all aspects of a company's operations and seek to shape their behavior through blacklistings and joint punishments. Lawyers and experts alike suggest foreign companies take advantage of the system when conducting due diligence and localize their compliance programs.
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Jiangxi China Jiangxi, China – February 23, 2019: Chinese women workers weave silk in neat coils.

 

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