You're insane. This is about having full control over the population.

Imagine a world where saying something bad about a company like Airbnb means you won't get a loan from the bank because the owner is a communist party member and your worthiness score is now reduced to an unacceptable level.

This is a bad idea not because it's the Chinese government. The Chinese government is bad and this is just one more terrible idea that shows us just how far they are willing to go to control the population in perpetuity.