China’s National Development and Reform Commission on Tuesday unveiled a plan to further develop the country’s social credit system. According to the plan, the country will accelerate legislation related to the social credit system and regulate procedures for using credit information.
Local platforms for financing credit services will be further integrated, with greater efforts to ensure safer flows of public data, as well as stronger protection of privacy and trade secrets.
A standardized and reliable credit history mechanism will be introduced for business registration, legal services, taxation, customs, finance and intellectual property rights. Additionally, the country’s social credit system will expand to cover areas of healthcare, child and elderly care, domestic services, tourism and shopping, according to the plan.
The plan also includes measures to ensure the government’s trustworthiness and improve the collection of credit data for public servants, lawyers, domestic workers and financial professionals.
Source: https://www.chinahoje.net/china-melhora-sistema-de-credito-social/
