You should read up on China's credit score. There are a lot of misinformations about it online. In effect, it does little more than the US credit scores that inspired it.
It is infuriating to see my fellow countrymen criticize another system so heavily, when we are living under a largely similar system.
Especially after finding out that the current credit score system was only adopted in 1989, so it’s just another yoke millennials and younger have to live with, that our forefathers got to start their adult life without having to deal with
Brah, some employers in the US check your credit score to make sure you are trustworthy enough.
Your credit score can be checked in multiple other situations that have nothing to do with you taking on debt, but still somehow your debt factors into the decision.
If you think there is no social control as part of this system, then you are just blind to the system you grew up in
…yes. You don’t get your credit score dinged because you tweeted something naughty. You can be a felon with perfect credit.