The faster a company repairs their social credit tax records after a violation, the more complete the repair will be.
The new requirements are designed to support the implementation of the Foreign Investment Law scheduled to take effect at the beginning of 2020.
The regulations include details on a new “National Unified Environmental Impact Credit Platform”, which will track acts of dishonesty in environmental impact reporting.
New guidelines outline the moral ideals for Chinese citizens in the Xi Jinping era, and paint a picture of model citizenship through the eyes of the Party.
The central government continues to leverage the social credit system to crack down on local governments that fail to make good on payments to private enterprises.
These newer measures are focused on the administrative end of implementation — how long blacklisting lasts, and how to apply for removal from a patent blacklist.
On October 15, the local governments of China’s four northeastern provinces are banding together in a cooperative agreement for the co-construction of a regional social credit system framework. Under the…
The revisions include measures to punish violations of bond issuance regulations.
Romance is alive and well: registrants must sign letters acknowledging understanding that violations of marriage law may result in blacklisting.
The committee will work to establish social credit standards for companies involved in power supply and generation, electrical power infrastructure and power market transactions.