Access the full report here: China Market Watch: China’s Social Credit Systems
Author: Emma Lieser, Business & Policy Consultant (China)
Date of Release: November 25th, 2019.
Get Ready for China’s Social Credit Systems!
Get Ready for China’s Social Credit Systems!
February 13, 2020
China’s corporate social system has been a hot topic for media all over the world. Often, it has been presented as a futuristic, AI-powered and Orwellian system that has been created to monitor and control the society by assigning a score to each individual. In reality, China’s social credit system is more like an effort to centralize already collected data from different governmental agencies in order to promote trust and strengthen the marketplace by regulating corporate behavior in the Chinese market and enforcing existing regulations.
China’s corporate social system has been a hot topic for media all over the world. Often, it has been presented as a futuristic, AI-powered and Orwellian system that has been created to monitor and control the society by assigning a score to each individual. In reality, China’s social credit system is more like an effort to centralize already collected data from different governmental agencies in order to promote trust and strengthen the marketplace by regulating corporate behavior in the Chinese market and enforcing existing regulations.