BEIJING: Western media reports have swirled about China’s social credit system, which is intended to nudge Chinese citizens to adopt good behaviour, including motivating them to pay outstanding debts and fines, as well as encouraging them to obey the country’s laws and regulations.
A POINTS SYSTEM
China’s social credit system operates on a points system. If you are a law-abiding citizen who pays your dues in a timely manner, the government rewards you with welfare benefits, low interest rates on loans and more.
But criminals, delinquents, and those who are default on debts, as well as those indicted for bad behavior when traveling overseas will have lower social credit rankings and be marked as having a “delisted” status.
“Discredited” Chinese citizens face greater scrutiny from the public, meet tougher challenges when applying for new credit cards, getting bank loans and in more severe cases, may be blocked from buying airlines or train tickets, until they repay their outstanding debts and fines.
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