China has a social credit score that controls what schools, jobs, and things you can buy. If yohr score goes down too low you can lose your job and lose your degrees..
https://www.youtube.com/watch?v=PVkWokLqPOg
There has been a degree of misreporting and misconceptions in English-language mass media due to translation errors, sensationalism, conflicting information and lack of comprehensive analysis.[7][43][122][44][123] Examples of such popular misconceptions include a widespread misassumption that Chinese citizens are rewarded and punished based on a numerical score (social credit score) assigned by the system, that its decisions are taken by AI and that it constantly monitors Chinese citizens.[16][122][39][124][5][6]
No that is made up nonsense. It's mind boggling to me how many Americans truly believe in this.
They have attempted many times to create a credit score system like the US but have failed to centralize anything like the US has. The US credit score system is also much more pervasive and can sometimes determine whether or not you're allowed to buy a house.
Separately there was an attempt to build a "social credit" system that is only applied to political and business leaders. Basically anyone who holds some sort of power in society. It's not a way to control regular people. This also failed to ever come to anything that's truly nationalized.
From wikipedia, section Misconceptions, https://en.wikipedia.org/wiki/Social_credit_system