Credit economy

Author: Sun Guozhi
Publisher:
Publish Date: 2005-09-01
Features:
[Editor's Recommendation] China's current scarcest resource is credit. — Zhang Weiyi, Vice Dean of Guanghua School of Management, Peking University
The competitive advantages of Chinese enterprises in terms of quality and price are gradually declining, and the potential for improving competitiveness through this means is limited. Enhancing the ability to sell on credit, i.e., adopting more credit settlement methods, has become an important factor in strengthening corporate competitiveness. — Sun Yunling, Former Vice Chairman of the National Committee of the Chinese People's Political Consultative Conference
Credit is like water. In a market system lacking credit, it’s like raising fish in a sink—large enterprises cannot sustain small ones, and the market cannot thrive. — Gao Shangquan, President of the China Economic System Reform Research Association
80% of Chinese enterprises suffer losses due to the lack of credit. The gap in credit management among Chinese enterprises will be one of the biggest obstacles to future development in the new market environment. — Dongfang International Factoring Center, based on research conducted on thousands of Chinese enterprises
The core value of the WTO is its fair, just, and open market mechanism and a comprehensive credit system. For Chinese enterprises to participate in international competition, corporate reputation is the passport. — Sun Guozhi, President of China Zekiao Group
Today's corporate competition is primarily a competition of strength and reputation. It’s hard to imagine how a company that lacks credibility can survive in society. Creditworthiness is the lifeline of enterprise development. — Zhang Fusheng, Secretary-General of the China Overseas Shipping Corporation
The two authors of this book are experts in credit research, with profound theoretical knowledge and practical experience in the field of credit economy. The book is highly practical, elaborating on the evolution of integrity in China and the West from a theoretical perspective while also presenting the current state of integrity in China from a practical standpoint, revealing the significance of credit value for business entities. It particularly discusses, based on personal experience, how to establish and improve the national credit system, the necessity and specific suggestions for building credit reference management institutions, aiming to promote the healthy and orderly development of China's credit economy. The book provides practical guidance for the construction of China's credit economy system and holds high reference value for corporate managers, financial institutions, intermediaries, credit researchers, and government public policy makers.