Authored by Zhang Zheng, the Director of the Director of the China Credit Research Centre at Beijing University, the following article is part of a series of official articles and commentaries published in 2014, immediately after the the adoption of the Planning Outline on the Construction of a Social Credit System (2014 – 2020).
It is worth noting how – as the question of whether China is a market economy is still part of the global “querelle” about China – already three years ago domestic commentators began moving away from the concept of ‘market economy’ towards a concept of ‘credit economy’.
Milestones from the Market System to the Credit System
Central Government Portal www.gov.cn, 15 July 2014, 12:29. Source: Economic Daily
The following article appeared on the theory column of the People’s Daily two years ago. It provides an official policy interpretation of the unified social credit number system – the 18-digits code attributed to enterprises, and social organizations. This official intepretation of an existing policy prevails on any other possible policy interpretation by Western interpreters. The reasons why official Chinese policy interpretations of any given policy document are weightier than Western policy interpretations of the same document have been amply explained in a presentation I delivered at the 2016 edition of the European China Law Studies Association Conference. The paper can be accessed free of charge here.
The following article first appeared on the official website of the State Council – China’s supreme organ of administrative power – among the official articles and commentaries published shorty after the adoption of the Planning Outline on the Construction of a Social Credit System (2014 – 2020). Its author, Han Jiaping, is the Director of the Ministry of Commerce Research Centre on Credit and Electronic Commerce. The original version of the essay can be found here. The essay is useful for a general understanding of what social credit in China is.
The Meaning and Extension of ‘Social Credit System’
The “Outline” adopts a broad definition of the meaning and the extension. of social credit system in our country. This is very consistent with the reality of the construction of credit in China at the moment. It not only embodies the understanding of the concept of credit since ancient times, it also reflects the basic characteristics of the problems of social credit in China at this stage, it is a scientific assertion.
Editor’s Note: What follows is the translation of an article that appeared on the July 8 issue of the daily newspaper China Times (华夏时报 Huaxia Shibao). This translation is provided for reference only. You are welcome to modify it, and use it on any electronic or paper medium of information, on condition you include a link to the present post.
Integrity Is The Strongest Soft Power.
Experts Call For Completing An Integrity Mechanism Effective Over The Long Term
Huaxia Shibao, 8 July 2017