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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 ...
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).
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
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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.
The United States maintains a unique credit scoring framework. Other countries use different scoring systems, so you need to start fresh if you move internationally. The financial habits that help ...
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]
The latest research is "China's Health System" in 2021, [17] a few popular research papers are "China's Corporate Social Credit System" in 2020 [18] and "China's Internet of Things" in 2018. [19] Those research papers can be parts of the annual reports.