China watchdog works on online credit blacklist system to punish debt defaulters


First announced in 2014, China is creating a system to rank all of its citizens based on their 'social credit' by 2020.

China’s Internet watchdog is reportedly working on a blacklist for credit defaulters in cyberspace as Beijing tightens its grip over the world’s biggest online community, in which more than 800 million people shop, chat, post and watch videos online.

The Cyberspace Administration of China is stepping up research on “building a credit blacklist system for the internet and a joint punitive mechanism” for misconduct online in an aim to boost cyberspace integrity via improved systems and regulations, said Liu Liehong, deputy director of the administration on Monday.

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