CAN. GOV. ADMITS TO SOCIAL CREDIT SCORE COMING - NOV. 2021

Canada Announces Plan To Merge With Communist China Social Credit Score. Published 6 months ago on September 12, 2021 By Justin Malonson (Tweeter)

https://federalinquirer.com/canada-announces-plan-to-merge-with-communist-china-social-credit-score/

- The government website explains:

China developed the Corporate Social Credit System (CSCS) to ensure corporate compliance and improve behavior of companies doing business in China. It is part of the People’s Republic of China’s plan to build a single, standardized reputation system for local and foreign firms alike.

The system touches on virtually all aspects of a company’s business operations in China. It assesses the performance and demeanor of companies, by analyzing topic-specific ratings (e.g. tax, customs, and environmental protection) and compliance records (e.g. on anti-monopoly cases, data transfers, pricing, and licenses).

The automated system collects data, processes and rates it against the defined requirements. Based on their rating, Chinese authorities will reward businesses with “good” and sanction those with “bad” behavior.

The guidance states that Canadian businesses will be measured in accordance with China’s CSCS, which will include tracking of all of its activities in the communist country.

“Every company should expect the CSCS to track all of their activities and operations in China. Businesses will face intensified scrutiny of their day-to-day operations once China fully implements the system,” the website notes.

Canadian companies will also receive rewards or face punitive action depending on how they uphold the standards dictated by China.