I know the propaganda around the Chinese system, here the video looks convincing if it is false they harm themselves

Social credit system is like the financial credit system we have in the west but it is applied to corporations instead of citizens. If a corporation creates excessive pollution, is caught money laundering, makes low quality products, etc. the corporation is panelised for it with a lowered credit score. Something the west could never implement because our governments are all controlled by the globalist multinational corporations