In Depth: How Chinese companies can exit social credit blacklists

Finding a balance in mechanism design remains a challenge for the system

Credit China is operated by a social credit body affiliated with the National Development and Reform Commission

ZHOU TAILAI and MATTHEW WALSH, Caixin

May 30, 2020 17:38 JST

Authorities in eastern China's Wenzhou caught a pet products store selling veterinary drugs in October 2018 without a license. They fined the owner 10,000 yuan ($1,405) and added his company to an online government list of businesses recently cited for illegal activities.

The online listing was part of China's six-year-old push to create a corporate social credit scoring system to improve the country's business environment by tracking unscrupulous companies.