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Vincent Brussee – China’s Social Credit System Is Actually Quite Boring

Summary:
A supposedly Orwellian system is fragmented, localized, and mostly targeted at businesses.The SCS’s main aim is to improve the enforcement of legal and administrative rules. Food safety scandals are a recurring problem in China, as are workplace safety issues, wage arrears, and noncompliance with contracts and court orders. When it came to tackling these problems, there were laws in place, but enforcement was lackluster,.. China’s Social Credit System Is Actually Quite Boring

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A supposedly Orwellian system is fragmented, localized, and mostly targeted at businesses.


The SCS’s main aim is to improve the enforcement of legal and administrative rules. Food safety scandals are a recurring problem in China, as are workplace safety issues, wage arrears, and noncompliance with contracts and court orders. When it came to tackling these problems, there were laws in place, but enforcement was lackluster,..


 China’s Social Credit System Is Actually Quite Boring

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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