Genia Kostka — China’s social credit systems are highly popular – for now

China did not have a credit rating system previously and the quickly expanding economy along with ecommerce required one, since credit is an essentially aspect of a modern monetary production economy, which China adopted during the era of Deng Xiaoping in introducing a market-based economy. Apparently it is a popular in spite of receiving a lot of bad press in the West as being controlling. Well, it turns out that the Chinese are fans of good order and tehy view the social credit system as an element in bringing that.

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China’s social credit systems are highly popular – for now

Genia Kostka is a Professor at the Freie Universität Berlin and a Fellow at the Hertie School of Governance (formerly Professor of Governance of Energy and Infrastructure).