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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 implemented by the government of the People's Republic of China. [1] [2] The social credit system is a record system so that businesses, individuals and government institutions can be tracked and evaluated for ...
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).
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Foshan city of China’s southeastern province Guangdong launched a blockchain-based corporate social credit system with an automated credit rating function, state-backed media reported on Thursday.
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 is planning to make deepfakes illegal which is described as the way to prevent "parody and pornography." [56] In July 2019, the CAC announced a regulation that said that Internet information providers and users in China who seriously violate related laws and regulations will be subject to Social Credit System blocklist. It also announces ...
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