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The Social Credit System (Chinese: 社会信用体系; pinyin: shèhuì xìnyòng tǐxì) is a national credit rating and blacklist being developed by the government of China. [1] The social credit initiative calls for the establishment of a record system so that businesses, individuals and government institutions can be tracked and evaluated ...
Social credit is a distributive philosophy of political economy developed in the 1920s and 1930s by C. H. Douglas.Douglas attributed economic downturns to discrepancies between the cost of goods and the compensation of the workers who made them.
A Unified Social Credit Identifier is issued to registered companies and other types of organization by the Chinese government. It is "unified" in the sense that it is used both as the business registration number with the State Administration for Market Regulation (SAMR) and as the taxpayer identifier with the State Taxation Administration (STA).
Chinese people are being introduced to a program that monitors their behavior, scores them, and doles out punishments and rewards.
In 1988, the People's Republic of China began direct village elections to help maintain social and political order while facing rapid economic change. Elections now occur in about 650,000 villages across China, reaching 75% of the nation's 1.3 billion people, according to the Carter Center. [ 323 ]
China will beef up its 2.88 trillion yuan ($406 billion) social security fund, making it "bigger and stronger" to help support its rapidly ageing population as the number of new births and younger ...
Young people in China are also struggling in an intensely competitive job market, with some of them choosing to “lie flat” and withdrawing from society or seeing content creation on social ...
The current social structure of China relies on strata, which are defined by an individual's economic and social status. There are a total of ten strata which, in a general sense, include government officials, private and small business owners, industrial workers, agricultural laborers, and the unemployed. [ 119 ]