Global News
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[Opinion] prefix
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No, China is not ahead of the western world on this, nor is this an unprecedented policy.
Most developed countries already have robust regulation preventing people from giving undue professional advice, especially in health or finance.
These are the same regulations preventing from you claiming to be a qualified lawyer, doctor, accountant, etc without the appropriate qualifications.
Many developed countries such as the UK, Australia, and Canada have already started arresting finfluencers after victims have sued them for making fraudulent claims.
FCA leads international crackdown on illegal finfluencers | FCA - https://www.fca.org.uk/news/press-releases/fca-leads-international-crackdown-illegal-finfluencers
The equation of a university degree as a valid qualification for China is mostly an artefact of the lack of adequate professional bodies and accreditation.
But if course, the devil is in the details and implementation.
It's true that West has many similar laws. They are just rarely enforced.
China and their absolute control over digital life will probably mean they will be proactive with enforcement which often leads to supression of speech.