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Social Credit System blacklistings are a tool for Chinese authorities to punish companies with major non-compliance cases. Data on the numbers of blacklisted companies are not systematically published, but some exceptions provide an idea of how many legal entities might be affected across China.
By Experts Table.Briefings
30 years after the proclamation of the "socialist market economy", the People's Republic under Xi Jinping seems to be relying much more on a centralized economy. But this impression is deceiving. In fact, the private sector has grown faster than state entrepreneurship, even since the beginning of Xi's term in office. China's new Premier Li Qiang also emphasizes how important private enterprises are to him.
By Felix Lee
