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1) i hope every hereditary lord never feels safe for a single moment ever again for the rest of their lives

In brief, while the 'social credit system' exists, it's both fairly regional (as lots of things are in China, everywhere is constantly experimenting and trialling different paths), and generally applies only to corporations, and the rich. Western reporting likes to act as though they're talking to fellow rich people, which obfuscates things - when they say 'your social credit score can stop you from getting plane tickets' they mean 'if you've committed acts of embezzlement or corruption you can't get first-class tickets and have to fly economy with everyone else'.

In the vast majority of cases the system is aimed solely at corporations and regards things like not paying social security benefits and the like. China doesn't have a FICO-like credit system as the US does, because most Chinese people aren't debtors. People in China generally don't go into debt to buy things, they save up (because the Chinese economy is based on the sale of production, rather than the sale of debts, like the US economy). Before this system was established there lacked a unified system of punishments for non-criminal corporate violations.

That's why the western businesses, which own the western news outlets, were very upset about this, and painted it as they did. They complain about stricter regulations anywhere, but for China they get to piggyback off of existing sentiment to get people who otherwise would support these types of regulations to oppose them. The 'environmental pollution regulations are tyrannical government overreach' line goes down a lot smoother when people have already bought into a story of 'authoritarianism'.

Here's some reporting from western sources backing this up: