2008Journal of North University of ChinaRequires access

Government's Effects on Constructing the Social Credit System

Wei Sun

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Abstract

This article makes an exposition of the importance on constructing the social credit system initially and expounds the overview and existing disadvantages of Chinese domestic credit system currently.Then it puts forward several suggestions on governments for improving the construction of credit system based on domestic practical situations,including: Establish and perfect the social credit system;Establish the exchanging database for regional combination;Impel the construction of industrial credit system;Establish and perfect social credit and supervision system;Increase the market's demand for credit system;Improve and make the standard for development of credit system service industry;Form the social cultural identification during constructing credit system.

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What this paper is about

This article makes an exposition of the importance on constructing the social credit system initially and expounds the overview and existing disadvantages of Chinese domestic credit system currently.Then it puts forward several suggestions on governments for improving the construction of credit system based on domestic practical situations,including: Establish and perfect the social credit system;Establish the exchanging database for regional combination;Impel the construction of industrial credit system;Establish and perfect social credit and supervision system;Increase the market's demand for credit system;Improve and make the standard for development of credit system service industry;Form the social cultural identification during constructing credit system.

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Available abstract

This article makes an exposition of the importance on constructing the social credit system initially and expounds the overview and existing disadvantages of Chinese domestic credit system currently.Then it puts forward several suggestions on governments for improving the construction of credit system based on domestic practical situations,including: Establish and perfect the social credit system;Establish the exchanging database for regional combination;Impel the construction of industrial credit system;Establish and perfect social credit and supervision system;Increase the market's demand for credit system;Improve and make the standard for development of credit system service industry;Form the social cultural identification during constructing credit system.

Key concepts: Exposition (narrative), Export credit agency, Credit enhancement, Government (linguistics), Credit reference, Business, Finance, Credit history

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