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Millions of Chinese individuals and businesses have been labelled as untrustworthy on an official blacklist banning them from any number of activities, including accessing financial markets or traveling by air or train, as the use of the government’s social credit system accelerates.
[...] Over 3.59 million Chinese enterprises were added to the official creditworthiness blacklist last year, banning them from a series of activities, including bidding on projects, accessing security markets, taking part in land auctions and issuing corporate bonds, according to the 2018 annual report released by the National Public Credit Information Center.
[...] According to the report, the authorities collected over 14.21 million pieces of information on the “untrustworthy conduct” of individuals and businesses, including charges of swindling customers, failing to repay loans, illegal fund collection, false and misleading advertising, as well as uncivilized behavior such as taking reserved seats on trains or causing trouble in hospitals.
About 17.46 million “discredited” people were restricted from buying plane tickets and 5.47 million were restricted from purchasing high-speed train tickets, the report said.
I, for one, welcome our new, well-behaved party overlords.
(Score: 3, Interesting) by edinlinux on Friday February 22 2019, @02:20PM (1 child)
China 'Social Credit' is essentially a social platform, like Facebook, LinkedIn, Reddit.. this naturally can grow to be global.
A Chinese company now owns a reasonable chunk of reddit. Install it there to get natural 'upmods' or 'downmods'. Use Aliexpress for purchasing? get lower prices if you are seen favorable with the Chinese govt (i.e. no anti China posts on reddit). Travelling through Asia? your transit is likely to be through Shanghai or Beijing.. criticized China on the 'Green Site'? Oh, no flight for you..
Give a favor to a Chinese company or govt trying to enter your industry, or get a sale..'+' credit for you.. Refuse? then '-' credit for you..
As Chinese economic power grows further outside of China (and they are very good at playing this long term game), you can see China's social credit impact non Chinese people outside of China more... just you wait.. :-)
(Score: 3, Interesting) by looorg on Friday February 22 2019, @03:55PM
It's probably far more likely that the Chinese will implement this with more similarly minded governments and countries first. Perhaps the friendly or cooperative countries like those in BRIC:s. Friendly nations such as Pakistan, North Kora and Iran. Alternatively China makes it part of their global trade deals with all those nations in Africa they are trying to gobble up as part of the resource extraction deals or being part of their new "Silk Road". I think those would be far more likely candidates then EU/USA/JAPAN etc, not to say that those won't just create a similar system eventually if this turns out to be some kind of great success, after all nothing is better then a good old panopticon-like system where you have the prisoners/population monitor themselves as a result of some potential real or imagined monitoring.