Construction and Improvement of the Personal Credit System in China
Wensheng Huang
Abstract
Wensheng Huang
Abstract
The market economy is an economy based on credit.Personal transactions is the main partiy of the market economy,which reflects the credit(namely consumer credit) to be followed.Establishment of a personal credit system can expand domestic demand and stimulate economic growth greatly.The building of China's personal credit system has just started and has not yet formed a relatively complete system.There are still many issues to be resolved.We should learn from the successful experience of developed countries to building a personal credit system with Chinese characteristics which based on the actual situation of China's personal credit,
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The market economy is an economy based on credit.Personal transactions is the main partiy of the market economy,which reflects the credit(namely consumer credit) to be followed.Establishment of a personal credit system can expand domestic demand and stimulate economic growth greatly.The building of China's personal credit system has just started and has not yet formed a relatively complete system.There are still many issues to be resolved.We should learn from the successful experience of developed countries to building a personal credit system with Chinese characteristics which based on the actual situation of China's personal credit,
Key concepts: China, Business, Credit history, Credit reference, Credit enhancement, Credit card interest, Credit crunch, Commerce