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Also from State Council #socialcredit meeting: "Financial institutions, credit service institutions, industry associations, chambers of commerce, news media, etc, shall not be forced to penalize untrustworthy entities." http://www.gov.cn/premier/2020-11/26/content_5565216.htm …
In other words, market actors will not be legally required to participate in penalizing blacklisted companies or individuals. However, likely they will be encouraged to do so, and what form that encouragement takes will play a big part in shaping how system plays out.
