Yes, it's a lot worse than banning facebook or monitoring your Internet use.
In China Enacts a High-Tech Plan to Track People, we learn that Shenzhen citizens will now have the privilege of carrying identification cards with their entire lives on them, accessible to whomever with a simple scan:
Data on the chip will include not just the citizen’s name and address but also work history, educational background, religion, ethnicity, police record, medical insurance status and landlord’s phone number. Even personal reproductive history will be included, for enforcement of China’s controversial “one child” policy. Plans are being studied to add credit histories, subway travel payments and small purchases charged to the card.
Oh, that sounds like a good idea! Gosh, what a tribute to the dignity of every human being. No potential for abuse here.