2022.09.14 20:39 GMT+8

SCO2022: Credit reporting online platform helps facilitate trade

Updated 2022.09.14 20:39 GMT+8
CGTN

The trade volume between China and other SCO members has grown by a factor of 20 in the past two decades. A newly-developed credit reporting platform allows companies in SCO countries to learn more about each other.

Lacking access to sufficient information about a trading partner is a problem for some businesses conducting trade. The "SCO Credit" online platform collects credit information of 210 million Chinese companies and 11 million companies in SCO member-states. Companies can search for their trading partner's financial information, including their operating income, profit margins, and liabilities. A company's bankruptcy and judicial records can also be found.

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