Search results
Results from the WOW.Com Content Network
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. [110] China's Social Credit System has been implicated in a number of controversies.
"Nosedive" was widely compared to China's Social Credit System, a government initiative which began pilot projects in 2014, [35] initially using private systems such as Sesame Credit. [36] [37] The state projects were implemented differently by local governments, but each collected data on citizens in order to assign them an overall score. [35]
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]
For premium support please call: 800-290-4726 more ways to reach us
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.
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 ...
Discover the latest breaking news in the U.S. and around the world — politics, weather, entertainment, lifestyle, finance, sports and much more.
Social credit may refer to: Social credit, a distributive philosophy of political economy Canadian social credit movement; Social Credit System, a Chinese national credit rating and blacklist system; Social Credit Board (1937–1948), a committee in Alberta, Canada