China is one of the most technically developed countries in the world. Its new norms and technology play a good role in the development of the country. Recently, news came that the financial body of the China is set to launch a new norm relating to the credit system.

As per the reports,  the new social credit system launched by Chinese financial body will not only improvise the credit system but also rewards the Chinese government. As per the reports, these rewards are given in the form of clearances, better facilities, and fewer inspections.

The reports revealed by the China’s National Development and Reform Commission (NDRC)stated, "6.15 million were restricted from buying air tickets and 2.2 million from buying high-speed rail tickets."

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