2008Western Law ReviewRequires access

Discussion on the Credit Issues about the Economic Development in China

Yao Jian-yin

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Abstract

Credit,the foundation and the principle of market economy,is essential for the socialist market economy to set up.With the development of market economy of China,the lack of credit is arisen increasingly.This paper attempts to discuss the present situation of Chinese credit,and then analyze the causes which lead to the lack of credit.Based on such analysis,strategies to modify the credit system are established so as to maintain the reasonable market order and guarantee the healthy operation of market economy in China.

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Credit,the foundation and the principle of market economy,is essential for the socialist market economy to set up.With the development of market economy of China,the lack of credit is arisen increasingly.This paper attempts to discuss the present situation of Chinese credit,and then analyze the causes which lead to the lack of credit.Based on such analysis,strategies to modify the credit system are established so as to maintain the reasonable market order and guarantee the healthy operation of market economy in China.

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Available abstract

Credit,the foundation and the principle of market economy,is essential for the socialist market economy to set up.With the development of market economy of China,the lack of credit is arisen increasingly.This paper attempts to discuss the present situation of Chinese credit,and then analyze the causes which lead to the lack of credit.Based on such analysis,strategies to modify the credit system are established so as to maintain the reasonable market order and guarantee the healthy operation of market economy in China.

Key concepts: China, Socialist market economy, Order (exchange), Credit crunch, Business, Credit enhancement, Bond market, Market economy

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