Business, Management and Accounting
8 years ago

China's Social Credit System Revolutionizes Credit Reference Industry Development.

Credit Reference
Social Credit System: China′s Model for Efficiently Establishing Credit Reference System
Lin Jun-yue

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The article discusses China's Social Credit System, which aims to establish a reliable credit reference system. It clarifies the relationship between credit management, state management, and social systems. The evolution of the Chinese credit reference concept and its impact on the industry are analyzed. The focus is on the concept, design, and operation principles of the social system, along with a decade of achievements in China. The article proposes building a China model system with specific features and applicability.