China’s ‘credit rating for everything’
The Chinese government plans to assign ratings to citizens that will determine their ability to access loans, jobs, and even luxury hotels, said Josh Chin and Gillian Wong in The Wall Street Journal. A so-called social credit system is already being piloted in several Chinese cities, with the goal of a nationwide rollout by 2020. Under the system, black marks on a person’s rating can be incurred for infractions like late bill payments or jaywalking, and scores can determine school admission or even “faster treatment at government offices.” The program relies on government records like tax and loan payments and criminal offenses. But officials eventually hope to draw on data from internet companies, including social media use and online shopping habits. Chinese commerce giant Alibaba is experimenting with socialcredit scores; perks for high marks include express screening at the Beijing airport.