If folks find ambiguity in the GDPR, do NOT get into American Fintech. Here's a great question: what are the technical requirements mandated by the US government to become a bank?
Get this: not everybody is consumed by paranoid fantasies concerning their government. And while your shallow understanding of China based off a few western-oriented articles here and there may validate your own biases do understand they have no real relation to reality. In reality, there are no extraordinary consequences for missing a single bill. On the other hand if you're sued in court over a debt the judge -- not unlike American judges (!) -- can use public humiliation to try to modify your behavior.
And sure, China has nothing to worry about other than this: https://en.wikipedia.org/wiki/Social_Credit_System
>>> People have already faced various punishments for violating social protocols. The system has been used to already block nine million people with "low scores" from purchasing domestic flights. While still in the preliminary stages the system has been used to ban people and their children from certain schools, prevent low scorers from renting hotels, using credit cards, and black list individuals from being able to procure employment. The system has also been used to rate individuals for their internet habits (too much online gaming reduces ones score for example), personal shopping habits, and a variety of other personal and wholly innocuous acts that have no impact on the wider community.
Also tell these people it was just a big joke: http://www.scmp.com/news/china/society/article/2144690/chine...
>>> Authorities vowed to collect the personal information of debtors and publish it in public places such as newspapers, train stations and other high-visibility platforms. The Supreme People’s Court reported in January that by the end of 2017 it had publicly listed the names of nearly 10 million people. They had been blacklisted from various activities, with 9.36 million of them prohibited from buying plane tickets and 3.67 million from buying high-speed rail tickets.
I see this "not clear" repeated here. Can you cite a section that you find not clear, so we understand what you mean?
So n = 8000 makes a sand pile.
Also it's hilarious to claim China has better privacy when that government tracks everyone using facial regulation with real-time threat scoring and national social rankings called a "citizen score". A late payment on a single bill gets your face and contact info on a giant billboard so go ahead and try complaining about your data over there and see how far that goes.