The impact of social credit system on China’s economy

Authors

  • Vasyl‟ Stus Donetsk National University

Abstract

China’s social credit system is introducing new tools to monitor, rank and manage market participants’ behavior more broadly than existing credit rating mechanisms. The Social Credit System (SCS) will have a significant impact on the behavior of individuals, companies and other institutions such as NGOs. The above indicates the relevance of the research topic.

References

James Burke. The Social Credit System in China is another way to control its citizens / Burke James. Retrieved from: http://www.visiontimes.com/2015/12/23/the-social-credit-system-in-china-is-another-way-to-control-its-citizens.html

Nadra Nittle. Spend “frivolously” and be penalized under China’s new social credit system / Nittle Nadra. Retrieved from : https://www.vox.com/the-goods/2018/11/2/18057450/china-social-credit-score-spend-frivolously-video-games

Genia Kostka. China’s social credit systems are highly popular – for now / Kostka Genia. Retrieved from: https://www.merics.org/en/blog/chinas-social-credit-systems-are-highly-popular-now

Outline of the construction of social credit system(2014—2020). Retrieved from : http://www.gov.cn/zhengce/content/2014-06/27/content_8913.htm

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Published

2020-10-30

Issue

Section

IІ. Economic sciences