[mahranch]

Wouldn't it be even more true in China, given the big brother system they have in place? The government (and by extension, the banks) knows more about its citizens than say, the U.S government. Hell, they just issued a "social credit score" to every citizen - it's similar to a financial credit score and just goes to show just how many things they're keeping tabs on.

Source: https://newyork.cbslocal.com/2018/04/24/china-assigns-every-...

[sonnyblarney]

No, banks in China lend in order to achieve strategic targets set by the government, and for reasons of political patronage.

Lending is not fully market driven.

This is not necessarily personal lending, it's grey market business lending, so it's not about 'credit scores'.

[Nasrudith]

Given what I have heard about social credit I wouldn't be surprised one bit of one sector of shadow banking is perfectly creditworthy people whose only additional risk as a lender is lack of being repaid due to being disappeared or arrested on 'it means what we want it to mean' charges.

The whole concept of social credit is what I refer to as stupid-evil. For one its whole concept is obviously exploitable as a 'recruit the low credit and purge the high credit' list if anyone ever want to form an insurrection powered by their newly minted low caste. And that is without the obvious side effects of people reacting accordingly to the actual information like not trusting anyone with top-tier social credit as likely too powerful to be held accountable and will thus screw you over at the drop of a hat.

Unfortunately even the US has had a similar issue to a thankfully far lesser degree with the idiotic "Operation Choke Point" abuse of power. Such abuses should always be reigned in.

[echevil]

Things don't work like that at all in China. Even the basic "financial credit score" is in a very immature state at the moment