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China expands its social credit system, aiming to boost business finance and market fairness with vast data integration.
China is enhancing its social credit system to improve the market economy and financial services for businesses.
A national credit information sharing platform has been set up, gathering over 80.7 billion credit records from 180 million entities.
A financing and credit service platform has also been established to support small businesses, disbursing loans worth 37.3 trillion yuan.
China plans to use blockchain technology to ensure data security and streamline information sharing.
The efforts aim to create a unified market and facilitate fair competition.
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China amplía su sistema de crédito social, con el objetivo de impulsar la financiación empresarial y la equidad del mercado con una amplia integración de datos.