The Chinese Social Credit System contains three lists: A (positive) red list, a watch list and a (negative) black list. They already have an impact on companies operating in China. Those on the red list enjoy advantages such as the fast processing of administrative procedures or easier access to credit. Companies whose operations are considered… Continue reading China’s Social Credit System: Pressure on counterfeiters
China’s administrative system for IP protection is currently in the state of reorganization and consolidation into one head organization, CNIPA (China National IP Administration). This means certain delays in processing of particular IP issues – e.g., awarding the status of Famous Trademark has been factually postponed for nearly a year now. Another area that is… Continue reading Reorganization of GI Protection in China
China’s Social Credit System is a big data-enabled toolkit for constant monitoring of all market participants in respect to compliance with laws and rules. Its core concept is the self-restriction of economic actors. Based on massive data collection, ratings are generated for each market participant. These ratings are publicly available and can result in rewards… Continue reading China’s Social Credit System – A Revolution in the Market Regulation?