{"id":4048,"date":"2021-09-02T06:00:57","date_gmt":"2021-09-02T00:30:57","guid":{"rendered":"https:\/\/55nda.com\/blogs\/anil-khosla\/?p=4048"},"modified":"2024-12-27T16:08:18","modified_gmt":"2024-12-27T10:38:18","slug":"knowing-china-better-chinese-social-score-system","status":"publish","type":"post","link":"https:\/\/55nda.com\/blogs\/anil-khosla\/2021\/09\/02\/knowing-china-better-chinese-social-score-system\/","title":{"rendered":"181: Knowing China Better: \u00a0Chinese Social Score System"},"content":{"rendered":"

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China’s social credit system isn’t a world first but\u00a0 it is unique.<\/em><\/span><\/p>\n

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Pic courtesy:https:\/\/www.bertelsmann-stiftung.de\/fileadmin\/files\/aam\/Asia-Book_A_03_China_Social_Credit_System.pdf<\/span><\/p>\n

The Social Credit System is part of Xi Jinping’s vision for data-driven governance.\u00a0<\/span><\/p>\n

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The goal of the China social credit system is to provide a holistic assessment of an individual or a company\u2019s trustworthiness.<\/span><\/p>\n

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The China social credit system, is an extension of existing social rankings and ratings in China which have existed for millennia.<\/span><\/p>\n

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The Social Score is a system that collects all kinds of data about citizens and companies, sorts, analyses, evaluates, interprets and implements actions based on it.<\/span><\/p>\n

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In concrete terms, this means that if you wait at a red light, you get plus points. If you pay your taxes and bills on time, you get plus points. If you are socially involved and accept the rules, you also get plus points.<\/span><\/p>\n

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If you have a good Social Score, you get unsolicited benefits for your social behaviour. These include, for example, faster visa application processing and more freedom to travel. When dating online, algorithms higher prioritize the own profile. Banks offer lower interest rates for company loans or private real estate purchases. People with a high Social Score are promoted faster and get better job offers.<\/span><\/p>\n

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However, people who go red, cut off someone while driving, spit on the street or stick their chewing gum under their seat get minus points.<\/span><\/p>\n

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Anyone who criticizes the state in social media or pays their bills too late also receives minus points.<\/span><\/p>\n

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The consequences of a poor social credit score could be serious.\u00a0It may affect travel prospects, employment, access to finance, and the ability to enter into contracts. On the other hand, a positive credit score could make a range of business transactions for individuals and corporations much easier.<\/span><\/p>\n

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It is essential that any foreign business consolidating or\u00a0establishing their presence in China\u00a0seek professional advice for managing a social credit score. This applies both to individual scores, and the corporate social credit score.\u00a0<\/span><\/p>\n

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Machine (AI) based Implementation<\/u><\/span><\/strong><\/span><\/p>\n

Every country has laws, cultural norms, social morals and social agreements. The police, courts, politicians, administrations, media and citizens are involved in a constant dialogue; it determines what we define as right or wrong.<\/span><\/p>\n

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In China, this task has partly been taken over by Artificial Intelligence based machine i.e. controlling and managing the society – with machines instead of people. The machine decides on correct and incorrect behaviour.<\/span><\/p>\n

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Inputs are obtained from:<\/span><\/p>\n