How is corporate social responsibility regulated in China?

In China, corporate social responsibility (CSR) is regulated by the Mandatory Rules of Corporate Social Responsibility in China (MRCSRC). This is an overarching legal document outlining the moral and ethical standards that companies should uphold when doing business in China. According to the MRCSRC, companies are responsible for providing fair and safe working conditions, protecting the environment, and avoiding bribery and corruption. Companies are expected to take proactive measures to prevent pollution, conserve energy and natural resources, and protect the welfare of workers. Companies must also ensure that their products and services are of high quality, while providing accurate and truthful information about the products and services they offer. Additionally, companies must provide fair pricing, adhere to local advertising laws, and ensure the products and services they provide are relevant to the needs of the Chinese market. Other areas of CSR include responsible hiring and promoting diversity; protecting the rights of investors and consumers; and engaging with stakeholders in an open and transparent manner. Companies are also expected to build relationships with local communities and make contributions to society in terms of economic, social, and environmental impact. All the above regulations are enforced by the Chinese government, which may prosecute companies that fail to comply.

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How is corporate social responsibility regulated in China?

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