China’s social credit score reaches Aussie business

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Oh what fun, via The Guardian:

China’s social credit system, a big-data system for monitoring and shaping business and citizens’ behaviour, is reaching beyond China’s borders to impact foreign companies, according to new research.

The system, which has been compared to an Orwellian tool of mass surveillance, is an ambitious work in progress: a series of big data and AI-enabled processes that effectively grant subjects a social credit score based on their social, political and economic behaviour.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.