It looks like China is extending its Black Mirror-like 'social credit system' to overseas companies

REUTERS/China Daily

• China's social credit system is known for punishing individuals but it is also being used to control the behavior of foreign companies.
• According to a new report, the system -- which threatens restricted privileges for certain behaviour -- was used to successfully threaten dozens of foreign airlines into adopting the political stance of the Chinese Communist Party on Taiwan.
• The carriers were told if they did not comply the violation would be listed on their credit records.
• Earlier this year foreign companies were required to get an 18-digit ‘unified social credit code’ which will reportedly help in recording credit violations and trigger sanctions.

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China's domestic social credit system has garnered controversy and fear, and according to a new report its influence is now reaching well beyond the country's borders.

Due to be rolled out nationally in 2020, it's thought China's social credit system will assign a Black Mirror-like "trustworthiness" score to citizens and reward or punish them in return. For now, the system is split between several pilot projects -- some which rate individuals -- and a disparate collection of blacklists.

See the rest of the story at Business Insider

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