The regulation is ineffective because billions of people have already given consent to Facebook and Google because they just want to get on with their lives and aren't about to stop using their services.
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.