What to "Bet" on Tomorrow: Credit and Modern Consumption

Author: Ouyang Ruihui
Publisher:
Publish Date: 2002-01-01
Features: In a market economy society where the production and exchange of goods are highly developed, the role of credit is becoming increasingly important. Because while commercial activities bring huge profits, they often also entail significant market risks. The risk arises from the time difference between the performance and counter-performance of the two parties in the exchange of goods, making the expected counter-performance uncertain. The function of credit is to make future counter-performance more predictable and certain, thereby avoiding or reducing market risks. Credit consumption is beginning to enter the lives of Chinese people, and "spending tomorrow's money to fulfill today's dreams" is becoming a fashion for the nation. However, all of this is based on the foundation of "credit." Without credit, it is difficult to buy or sell, without credit, it is difficult to lend or borrow, without credit, survival is hard, and development is even harder—credit is a person's "second life." The establishment and improvement of the credit system are urgent requirements for the development of China's market economy. This book studies credit issues from the perspective of modern consumption, which holds significant practical value.