The origin of the system can be traced back to the 1980s when the Chinese government attempted to develop a personal banking and financial credit rating system, especially for rural individuals and small businesses who lacked documented records. The program is mainly focused on businesses and is very fragmented, contrary to the popular misconceptions that it is mainly focused on individuals and is mostly a centralized system. There are multiple, different forms of the social credit system being experimented with, while the national regulatory method is based on blacklisting and whitelisting. The social credit initiative calls for the establishment of a record system so that businesses, individuals and government institutions can be tracked and evaluated for trustworthiness. The Social Credit System ( Chinese: 社会信用体系 pinyin: shèhuì xìnyòng tǐxì) is a national credit rating and blacklist being developed by the government of the People's Republic of China.
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