Opinion: In the Corporate Social Credit System Era, Companies Will Have to Rethink Compliance

When the State Council published its social credit system implementation plan in 2014, Western observers, focusing on the credit system for individuals, immediately highlighted the image of a state that monitors everyone and everything in all details. As a result, the term “social credit system” was soon irrevocably linked to Orwellian surveillance and criticized for being a highly problematic system.