The social credit system and fintech ‘crises’ in China were not home-grown but, rather, engineered by Anglo-American institutions who also fuelled the 2008 U.S. financial crisis, argues Cynthia Chung.
These global entities utilised Big Tech companies like Alibaba and Tencent to establish predatory lending practices before the Chinese government intervened to regulate these platforms.
https://cynthiachung.substack.com/p/the-true-origins-of-chinas-social
