Not to sound like an idiot, but I thought the Social Credit System was real (but relatively minor)? I’m only recently learning about China and how many lies I’ve been told so any information would be super appreciated.
From what I have read it’s used to allow loans to people who don’t have a credit history. It’s not an all encompassing score that goes up and down depending on what you post on the internet.
More people in the US have heard of the “social credit” system than people in China. Like most of their finance laws, its used to punish the wealthy for financial corruption. Good thread by ian goodrum detailing it:
Not to sound like an idiot, but I thought the Social Credit System was real (but relatively minor)? I’m only recently learning about China and how many lies I’ve been told so any information would be super appreciated.
From what I have read it’s used to allow loans to people who don’t have a credit history. It’s not an all encompassing score that goes up and down depending on what you post on the internet.
More people in the US have heard of the “social credit” system than people in China. Like most of their finance laws, its used to punish the wealthy for financial corruption. Good thread by ian goodrum detailing it: