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SOCIETY
THIS WEEK> THIS WEEK NO. 20, 2014> SOCIETY
UPDATED: May 12, 2014 NO. 20 MAY 15, 2014
Credibility System
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China will soon release an outline for building a government-led national social credibility system to assess individuals and organizations on areas ranging from tax payment to judicial credibility.

On May 5, Economic Information Daily reported that the outline, the drafting of which was led by the National Development and Reform Commission and the People's Bank of China, focuses on credibility building in four areas—administrative affairs, commercial activities, social behaviors and the judicial system.

According to the outline, China will also establish an integrated platform by 2017 to collect credibility information on financial, industrial, and commercial registration, taxes and social security payments, as well as traffic violations.

To facilitate the process, individuals and organizations will be coded based on identity card numbers or organization numbers.



 
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