In China, Having Too Many Kids Will Show Up On Your Credit Report – AP

From AP, via International Herald Tribune:

Urban Chinese who have more than one child will get a black mark on their credit record, the government said, in a scheme that appeared to target newly rich couples undeterred by fines from having extra children.

“In the future, city residents’ family planning violations will be entered in the credit system of the People’s Bank of China,” said a notice posted late Thursday to the Web site of China’s National Population and Family Planning Commission.

It didn’t give additional details about the scheme and it was not immediately clear whether the action might affect a person’s ability to conduct financial transactions. [Full Text]

Read also Officials Breaching One-child Policy Denied Promotion by Xinhua.

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