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10. How will the Chinese Social Credit System affect MNCs which have offices and personnel in...

10. How will the Chinese Social Credit System affect MNCs which have offices and personnel in China?

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Social credit system is a nationwide system being introduced by China according to which a single social status is given to every citizen and company depending on their credit score which is also single across the country. If this system is completely introduced , there will be restrictions on MNCs which have offices and personnel in China. They need to submit documents of every employee entering the country and they also need to register themselves. Business transactions will not be easy with this system as everything will be under watch. But the system will be developed and a healthy business and work environment will be created.

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