City's work on social credit to be completed by 2020

Beijing will accelerate development of a social credit system by completing the legislative and regulatory work in the sector by 2020, a senior official said.

Tan Xuxiang, head of the Beijing Municipal Development and Reform Commission, said by that time Beijing will have established a public credit information service platform covering all the permanent residents of the city.

"It's also one of the measures to create a fair market for businesses," he said.