If it has changed it at all.
It’s similar to the “credit score” in the West. Like, for money. Think more like Equifax and less like 1984.
The name is actually the result of ambiguous translation. “Social” in this case actually refers to socialism, not behaviour.
i’m not trying to diminish the impact a regular credit score has on a person, but doesn’t social credit score extend beyond simply lending money, to things like purchasing tickets, being able to attend a particular school or a university, that is, you can get on in life without taking out loans, but you can’t get on in life without buying a train ticket
I’m not a Chinese citizen unfortunately so I really can’t say how it affects your everyday life, but I do know that while it may or may not have more effects on you than the Western system, it really isn’t nearly as bad as the West makes it out to be, especially considering China’s aggressive poverty reduction programs. I doubt it’s going to start ruining lives left and right like people here say. Also, debt and failure to pay debt is a lot less common in China than most of the West. It really is more of a way to adapt a credit score system to modern Chinese culture and socialism than any sort of behaviour correction system.
The Western social credit system isn’t just for loans BTW. A lot of employers use it as a vetting system. As do landlords, insurance brokers, what have you. And some people are trying to tie things like your internet history to it. Which China isn’t doing.
Very interesting video about it: https://youtube.com/watch?v=nGhOssPumUU
these are two surprisingly good articles about it from western media
