CHINA
China’s Social Credit System: a big-data enabled approach to market regulation with broad implications for doing business in China
Mirjam Meissner, MERCATOR INSTITUTE FOR CHINA STUDIES
Under the catchphrase “Social Credit System” China is in the process of implementing a new and highly ambitious scheme to monitor, rate, and regulate the behavior of both, Chinese citizens and companies. Although international discussion has focused mainly on the impact of the system on individuals, the core motivation behind the Social Credit System is to more effectively steer the behavior of market participants. In the latest China Monitor “China’s Social Credit System,” MERICS expert Mirjam …read more
Source: Victims of Communism