News Snapshot:
China’s Social Credit System: Scope, Punishments Amended China has amended its controversial social credit system, offering clearer guidelines about how the system should be implemented and what punishments it can mete out. The updates come amid uncertainty and misunderstandings about the social credit system’s purpose, scope, and regional variations . The changes are included in the National Social Credit Information Basic Catalog (2021 Edition) and the National Basic List of Punishment Measures for Untrustworthiness (2021 Edition). These two draft documents were jointly released by the National Development and Reform Commission, the People’s Bank of China, and other departments on July...