A good social credit score could lead to a promotion, a raise, a better apartment, admission to a good school, access to state-approved dating websites, better stores, better doctors, the right to travel, a more generous pension and important opportunities for your children. The potential for intrusion into 1.4 billion personal lives is unprecedented.
Published information on the plan by China’s State Council says it is intended as a safeguard against, among other things, “conduct that seriously undermines …
President Trump has plenty of work to do during his 10-day tour of Asia in November. In Vietnam and the Philippines, he has to communicate deep U. interest in balancing China’s influence in Southeast Asia. Times have changed since then, but not all that much–the reality remains that it is far easier for Xi to command Chinese officials to create and protect jobs than, for example, it was for Barack Obama to persuade Republican lawmakers to bail out the U. This level of protection is especially important in an age when the most important variables globally will be the pace and scale of technological change.
But for the foreseeable future, China is likely to remain strong and stable.Trump will try to project strength while calling for closer cooperation on North Korea and on resolving trade disputes. S., is the single most powerful actor in the global economy. The dollar remains the global reserve currency, an exorbitant privilege that will likely last for years to come. Technological upheaval is now poised to displace hundreds of millions of workers in the developing world, including many who have only recently risen from poverty.The Chinese authoritarian-capitalist model wasn’t supposed to survive in a global free market, let alone thrive. But the Chinese government’s finer control of its economy will help absorb some of the shock that will have bigger effects elsewhere. CNOOC, Petro China and Sinopec have each benefitted from large infusions of cash from the state via state-owned banks. At the same time, the leaders of other emerging powers–not just Russia but also democracies like India and Turkey–are following China’s lead in building systems where government embraces commerce while tightening control over domestic politics, economic competition and control of information. Americans and Europeans have always assumed that the long arc of human development bends toward liberal democracy. There’s an old, likely apocryphal story that, during a visit to China several decades ago, economist and free-market fundamentalist Milton Friedman visited a site where workers were building a canal. Beijing offers direct financial and political support for its strategic industries, 365 days a year. power–its military alliances, its trade leadership and its willingness to promote Western political values–are eroding.