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China unveils guidelines to enhance its social credit system, focusing on economic growth and market unification.
China has released a guideline to improve its social credit system, aiming to support high-quality development and create a unified national market.
The 23 measures, issued by key government offices, seek to enhance the business environment, promote financial services, and improve government efficiency.
However, challenges include inconsistent regulatory frameworks and limited credit information sharing.
The guideline emphasizes information security and individual rights protection.
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