The Iron Fist descends

[Anti Federalist]

China’s social credit system shows its teeth, banning millions from taking flights, trains

https://www.scmp.com/economy/china-e...nning-millions

Annual report shows the businesses and individuals added to trustworthiness blacklist as use of the government system accelerates
System aims to pressure citizens to avoid bad behaviour, although human rights advocates argue it does not take into account individual circumstances

Updated: Tuesday, 19 Feb, 2019 10:39am

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

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 travelling by air or train, as the use of the government’s social credit system accelerates.

The annual blacklist is part of a broader effort to boost “trustworthiness” in Chinese society and is an extension of China’s social credit system, which is expected to give each of its 1.4 billion citizens a personal score.

The social credit system assigns both positive and negative scores for individual or corporate behaviour in an attempt to pressure citizens into behaving.

Human rights advocates, though, worry that the arbitrary system does not take into account individual circumstances and so often unfairly labels individuals and firms as untrustworthy.

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 Centre.

[NorthCarolinaLiberty]

[NorthCarolinaLiberty]

I'm guessing most of these Chinese $#@!s favored such a program. Just like the typical Ameri$#@!.




This poster is from 2012. The caption reads, "Chairman Mao, we miss you."

[oyarde]

Issue Bonds ? WTF . I will issue bonds for them once the check clears .