RE: China Social Credit System in 2020 02-11-2019, 07:34 PM
#20
First impression, a very rough policy.
But if a financial support system is also created, then perhaps it can be of some benefit, but if they see the failing they would revoke it or change some aspects of this policy.
They lifted 500 million out of poverty, i am hoping they have a financial support system in place also.
And i highly doubt it would have higher impact on the low sect income class, but definitely foreigners and companies.
But if this also includes loans from banks, then it would be borderline and benefit some and others not so much.
But if a financial support system is also created, then perhaps it can be of some benefit, but if they see the failing they would revoke it or change some aspects of this policy.
They lifted 500 million out of poverty, i am hoping they have a financial support system in place also.
And i highly doubt it would have higher impact on the low sect income class, but definitely foreigners and companies.
But if this also includes loans from banks, then it would be borderline and benefit some and others not so much.
![[+]](https://sinister.li/images/modern/collapse_collapsed.png)
