- Sputnik International
Find top stories and features from Asia and the Pacific region. Keep updated on major political stories and analyses from Asia and the Pacific. All you want to know about China, Japan, North and South Korea, India and Pakistan, Southeast Asia and Oceania.

China Social Credit System Blocks Millions from Public Services

© REUTERS / Jason LeeA customer holds a 100 Yuan note at a market in Beijing, August 12, 2015
A customer holds a 100 Yuan note at a market in Beijing, August 12, 2015 - Sputnik International
Millions of Chinese citizens and businesses have been placed on a government blacklist banning them from accessing financial markets and travelling by air or train as a result of being declared ‘untrustworthy.’

The blacklist is part of Beijing's efforts to increase public ‘trustworthiness' of its social credit system, assigning every citizen and business entity a personal score, the South China Morning Post (SCMP) reported. 

In this Nov. 9, 2017, file photo, U.S. President Donald Trump, right, chats with Chinese President Xi Jinping during a welcome ceremony at the Great Hall of the People in Beijing - Sputnik International
Trump, Xi Likely to Meet in Late March at Mar-a-Lago Amid US-China Trade Talks

According to the 2018 annual report recently published by China's National Public Credit Information Center (NPCIC), about 17.46 million people in the country are currently not permitted to buy plane tickets and 5.47 million people are restricted from purchasing tickets on high-speed trains.

In addition, over 3.59 million Chinese enterprises remain blacklisted, preventing them from bidding on projects, accessing securities markets, taking part in land auctions and issuing corporate bonds.

The report states that Chinese authorities gathered over 14.21 million pieces of intel regarding ‘untrustworthy conduct' by individuals and businesses, which includes swindling customers, failing to repay loans, illegal fund collection, false and misleading advertising, as well as improper behaviour such as taking reserved seats on trains or causing issues in hospitals. 

In this photo released by China's Xinhua News Agency, Chinese People's Liberation Army (PLA) troops march in formation Sunday, July 30, 2017, as they arrive for a military parade to commemorate the 90th anniversary of the founding of the PLA on Aug - Sputnik International
China Creates Nonlethal Microwave-Based Weapon to Inflict Pain - Report

An additional 3.51 million "untrustworthy" individuals and entities paid taxes or fines last year due to liabilities under the country's social credit system, the report adds.

Of those 3.51 million, 1,282 were peer-to-peer lending platforms located in Zhejiang, Guangdong and Shanghai. Peer-to-peer (P2P) lending, is the practice of lending money to businesses or people through online services matching lenders with borrowers. P2P lending platforms blacklisted in China were unable to repay investors or were convicted in illegal fundraising.

To participate in the discussion
log in or register
Заголовок открываемого материала