
China still does have a financial credit system. It was previously run by private companies (just like ours) but the government oversees it now. The people’s bank of China used to just simply provide a report of your loan history. Only recently did they start offering a score as well too
Some cities apparently also put judgement debtors (something that commonly gets you blacklisted — court rules that you owe someone money and you still haven’t paid up) on blast and had an app with a map of “deadbeat debtors” 💀 That being said, I think my state has a public spreadsheet of people who are delinquent on taxes for multiple years and owe the state a decent bit of money
I’m sorry, what? If we use the World Bank’s numbers, 1-2% of the US is in poverty vs. ~13% of China. You’re thinking of Tier 1 cities like Shanghai, not rural China. Also, China has literal execution vans, is conducting a holocaust on a Muslim minority population, and regularly “disappears” anyone who dares challenge the CCP. So respectfully, I don’t think you actually know what you’re talking about when it comes to China…