Credit scores need to go away too, but if you are unironically comparing a credit score with what China is doing, you are either extremely naive or extremely biased.
I hate the ccp but credit score in China is a giant propaganda lie, it is the same as in the us.
They wanted to make experiments with more advanced scoring system but never did, and for some reason every media say they did. But you ask someone from China and he won’t understand what you’re talking about.
Still fuck the ccp (and reddit)
The Chinese government is testing several systems in the country and last I checked nothing is formally in place. There are versions whose system does include non-financial elements which is incredibly disturbing but nothing is formally being followed so it is possible they abandon those versions.
Credit scores need to go away too, but if you are unironically comparing a credit score with what China is doing, you are either extremely naive or extremely biased.
I hate the ccp but credit score in China is a giant propaganda lie, it is the same as in the us. They wanted to make experiments with more advanced scoring system but never did, and for some reason every media say they did. But you ask someone from China and he won’t understand what you’re talking about. Still fuck the ccp (and reddit)
The Chinese government is testing several systems in the country and last I checked nothing is formally in place. There are versions whose system does include non-financial elements which is incredibly disturbing but nothing is formally being followed so it is possible they abandon those versions.
Do they? They are based on your finances and financial history.