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Building a High-Trust Society Through the Social Credit System | Dezan Shira & Associates

posted 2 years ago

A new set of official opinions clarify how the government plans to use the Chinese corporate social credit system to improve societal trust and grow the economy. Better accountability for bad actions by corporate and social entities, the thinking goes, will boost consumer and investor confidence in corporate and governmental institutions. The new document outlines 23 policies for improving transparency and accountability in the business environment, covering a broad range of industries, including consumer goods and services, government contracts, foreign trade, and more.

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