A license plate is already publicly displayed information (and is in most jurisdictions not private property), and you're operating in a public space.

I know it's unpopular but I went from not supporting these sorts of systems to embracing them after seeing the positive effects in China.

For crimes that depend on anonymity, theft, assault, hit-and-runs, vandalism, illegal parking, etc., surveillance changes the calculation because the offender expects a higher or even a near certain chance of being identified/caught in China. I think this is a good thing. I also see no issue with someone breaking the law and receiving a ticket almost immediately.

With all systems, it comes down to the design. What sort of oversight is there, how long is footage stored, can it be used for specific crimes or expanded later, and are there mechanisms to correct false identification.

Done right, these systems work well. I would be happy to live in a society where street crime is rare enough that I can leave personal property anywhere, like a bike, without constantly worrying about theft. I think many fears about these systems come from dystopian science fiction and assume the worst possible implementation, rather than recognizing that technology can be designed with strong safeguards.