Will the credit system work out well in China ?

Will the credit system work out well in China ?
Aug 29, 2007 02:11
KEVIN0518 Points: Join Date: Mar 13, 2007 Status: offline	As is known to everyone, the credit is the most fundamental base of market economy. With the helpf the credit system, the market economy can develop in good order. Without it, the market can not grow in large scale and healthily. Even serious social problems may break out. In recent years, China has scored great achievements in the development of credit system. The credit database for the enterprises and individuals has been put up by the central bank and was put in use in January 2006. At present, about 12 million enterprises and companies and 0.57 billion people have been included in the credit database. Due to the establishment of the database, China's credit environment has been improved a lot. But there still exist some problems. For example, some college students own debts to banks and do not return their money back. The banks have no other ways except publicizing their names on the internet and hope this can make those students return their debts. What do you think of the credit system? Will the credit system work out well in China?

Aug 29, 2007 02:11

KEVIN0518
Points:
Join Date: Mar 13, 2007
Status: offline

As is known to everyone, the credit is the most fundamental base of market economy. With the helpf the credit system, the market economy can develop in good order. Without it, the market can not grow in large scale and healthily. Even serious social problems may break out.

In recent years, China has scored great achievements in the development of credit system. The credit database for the enterprises and individuals has been put up by the central bank and was put in use in January 2006. At present, about 12 million enterprises and companies and 0.57 billion people have been included in the credit database. Due to the establishment of the database, China's credit environment has been improved a lot. But there still exist some problems. For example, some college students own debts to banks and do not return their money back. The banks have no other ways except publicizing their names on the internet and hope this can make those students return their debts.

What do you think of the credit system? Will the credit system work out well in China?

Aug 29, 2007 04:48	#1
SUNNYDREAM Points: Join Date: Jun 11, 2007 Status: Offline	Credit system is quite good for those who are in urgent need of money. I think with the higher and higher prices, more peole will need a credit card. hehe.....

Aug 29, 2007 23:20	#2
YVONNE Points: Join Date: Nov 29, 2004 Status: Offline	Hope it can work out well in China. With the help of the credit system, the banks will face less credit risks. They can easily find out whether their customers have bad records or not. If they have, it is hard for them get loans from the banks. Thus, be careful about yourself. Paying your debts to banks on time. Otherwise, your credit will be affected.

Aug 30, 2007 21:41	#3
DYLAN0428 Points: Join Date: Aug 30, 2007 Status: Offline	the first import thing is we hope the credit of govenment

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