INNOVATIVE SOCIETY: A SOCIAL CREDIT SYSTEM IN CHINA

An Emerging Credit Reporting System in China

This paper examines the development of a credit reporting system in China. We first outline the rationale for having a credit reporting system through reviewing the literature on asymmetric information. We then proceed to discuss how the credit reporting system works in China. First we present a case study of a private credit reporting agency in Chengdu that was established in 2000. This was th...

Credit Rationing and Social Stability: Evidence from 1930s China

Can credit affect social stability? To answer this question, we turn to a natural experiment from 1930s China, where credit contracted as a consequence of the 1933 U.S. Silver Purchase program. Building on extensive archival information, we assemble a novel, hand-collected data set of loan contracts to individual firms as well as labor unrest episodes. We show that the Silver Purchase shock res...

The Social Security System in China

1. Basic approaches of social security system 1.1. Basic definition of social security system 1.2. Essence and basic attributes of the social security system 1.3. Historical development of social security system 1.4. Basic contents of social security system 2. Basic characteristics and development process of China's social security system 2.1. Basic characteristics of China's social security sy...

Social Networks as a Phenomenon of the Information Society

Social networks, which emerged due to the rapid development of modern telecommunications and information technologies that led to the emergence of the Internet, can be viewed as a phenomenon of the information society. In a short time, there has been both quantitative and qualitative growth of social networks, which have become a common phenomenon in our life and the dominant way of communicati...

The innovative performance of China ' s national innovation system