The Messy Truth About Social Credit (Logic Magazine, 10 min read)

(You can read the article by clicking here)

Western media has a knack for portraying China’s social credit system as a sinister, invasive method of controlling society by assigning a behaviour score to each citizen. This carefully considered article argues, however, that while a score system does exist, it possesses a more benign purpose. It is set up to inject trust into the economic ecosystem, incentivising integrity and penalising lawbreakers by blacklisting them. You might end up on the list if you don’t pay debt as soon as extra cash is available, or if you don’t comply with a court order to visit your elderly parents. Beijing works closely with technology firms to gather this data, which is mutually beneficial because the blacklisted are less likely to be hired, lack access to private schools, and are banned from purchasing, say, luxury goods on Alipay. These collaborations go as far as creating ‘credit cities’ where citizens with good scores can rent flats without a deposit or delay cab ride payments. So is the system fair? And does it serve its purpose?

Why does this matter? Collecting and storing citizen data citizens is neither new nor unique to China. In the US, businesses and the government gather and use information from consumers ranging from shoplifting behaviour, bad rental and tenancy records, and return-shopper fraud. Even though it’s subtler and less threatening than in China, given the ease of access into personal lives that technology has enabled, activists are calling for more transparency and accountability.

Smart home tech makes inroads into China’s emerging elderly care market (Reuters, 4 min read)

August 16, 2019

Stimulus Prep or Prelude to Deflationary Crisis: China Tightening Screws on Real Estate (Investing in Chinese stocks, 4 min read)

August 16, 2019

Inside China’s vast influence network – how it works, and its reach in Australia (The Conversation, 4 min read)

August 16, 2019

Hong Kong protests: history lessons for Beijing from British colonial era uprising (The Conversation, 4 min read)

August 16, 2019

China’s AI Talent Base Is Growing, and then Leaving (Macro Polo, 3 min read)

August 16, 2019

Chinese Universities Need to Attract More Foreign Students, But Not by Treating Them Differently (SCMP, 3 min read)

August 9, 2019

New China Tariffs Increase Costs to U.S. Households (Liberty Street Economics, 4 min read)

August 9, 2019

The Real Reason for China’s Rise (Project Syndicate, 3 min read)

August 9, 2019

U.S. Breaking Promises is Setting New Obstacles for Trade Talks with China (People’s Daily, 3 min read)

August 9, 2019

To Feed its 1.4 billion, China Bets Big on Genome Editing of Crops (Science Magazine, 7 min read)

August 1, 2019

China’s Long View (Project Syndicate, 3 min read)

August 1, 2019

How the U.S. Could Lose a War with China (The Atlantic, 3 min read)

August 1, 2019

China Makes Concession on US Farm Goods in ‘Frank’ and ‘Constructive’ Talks (SCMP, 4 min read)

August 1, 2019

Beijing Axes Individual Travel Visas for Chinese Tourists Visiting Taiwan (Taiwan News, 3 min read)

August 1, 2019

China White Paper on National Defense: Separatists Are Top Threat (SupChina, 3 min read)

July 25, 2019

(The commentary contained in the above article does not constitute an offer or a solicitation, or a recommendation to implement or liquidate an investment or to carry out any other transaction. It should not be used as a basis for any investment decision or other decision. Any investment decision should be based on appropriate professional advice specific to your needs.)

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