China has introduced new guidelines to strengthen its social credit system, aiming to boost high-quality development across the country. The guidelines, released on Monday by top government offices, include 23 measures to build a unified national market and ensure fair competition.
The social credit system is a network that tracks the trustworthiness of individuals, businesses, and government agencies. By integrating credit mechanisms into all aspects of society and the economy, the system seeks to promote honesty and integrity throughout China.
The National Development and Reform Commission (NDRC) highlighted that credit has played a vital role in improving the business environment and enhancing government services. However, challenges like inconsistent regulations and limited sharing of credit information still exist.
“Enhancing the social credit system is crucial for supporting high-quality economic and social development,” the NDRC stated. The new measures aim to address these challenges and strengthen the system’s foundation.
In terms of information security, the guidelines emphasize protecting personal data and individual rights. The NDRC stressed the importance of preventing excessive data collection and illegal use of information, ensuring that the system respects privacy while promoting trust.
These new steps reflect China’s efforts to balance progress with privacy, highlighting the country’s commitment to develop a trustworthy society while safeguarding personal rights.
