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In May 2020, Chinese investigative media group Caixin reported that business social credit systems in China were insufficient in deterring problematic business activities and that the social credit system was easy to game in favour of businesses. [117] China's Social Credit System has been implicated in a number of controversies.
China has a much lower rate of credit use than developed markets. [4]: 67 As a result, it lacks the associated credit reports. [4]: 67 Zhima Credit was introduced on 28 January 2015. It was the first credit agency in China to use a score system for individual users, using both online and offline information. [5]
Construction of a social credit system was announced during the 16th National Congress. [3]: 71 The central government did not have a specific vision for what a finished system might look like and local governments would be allowed to develop pilot programs that could inform the larger policy approach. [3]: 71
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.
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One has to put it in the context of China's 1.4 billion population, and there are all sorts of problems to address. Reports of 'big brother' China social credit system untrue: AI expert Xue Lan ...
Further issues raised in regard to human rights include the severe lack of workers' rights (in particular the hukou system which restricts migrant labourers' freedom of movement), the absence of labour unions independent of the CCP, [6] [7] the implementation of Social Credit System and its blacklist, which serve to restrict a person and their ...
In 2019, the South China Morning Post reported that the Beijing Subway would also begin sorting passengers using facial recognition based on information pulled from the social credit system and criminal offending databases. Commuters who exhibited anti-social behavior or had previous bad credit scores would also be penalized under the system. [127]