Social credit system in China: experience and prospects for implementation in Russia

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Abstract

The Social Credit System is an important component of country development. China has already made significant progress in creating a social credit system aimed at promoting trust ethics throughout society and creating significant credit value for use in the economy, politics, culture, and other areas. This article examines the content, features, achievements, and experiences of building a social credit system in China. Finally, the prospects of implementing the Chinese social credit system in Russia are discussed, including its advantages and disadvantages.

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About the authors

Wen Zhang

Financial University under the Government of the Russian Federation

Author for correspondence.
Email: vchzhan@fa.ru

assistant at the Department of Foreign Languages and Intercultural Communication of the Financial University under the Government of the Russian Federation. Moscow, Russian Federation.

Russian Federation, Moscow

References

  1. Draft planning for the construction of the social credit system (2014–2020) (draft for consideration), released by the National Development and Reform Commission and the People’s Bank of China on December 16, 2014.
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  3. Wang Wei. Multilevel development of building a social credit system and prospects for key areas. China Credit. 2022. No. 03. Pp. 106–109. (In Chinese)
  4. Cai Xu. History, experience and prospects of building a social credit system in my country since the founding of New China. Yunmeng Journal. 2020. No. 41 (02). Pp. 32–38. (In Chinese)
  5. Chen Lu. A study of the current situation, problems and countermeasures of building a social credit system in Chongqing. Chongqing: Chongqing University, 2020.
  6. Zhao Xiaokun. A study of the relationship between the social credit environment and regional innovation and development – empirical evidence based on the construction of demonstration cities based on the social credit system. Theory and Practice of Prices. 2022. No. 06. Pp. 161–164, 195. (In Chinese)
  7. Zhang Wen. The attitude of the population of China to the Chinese system of social credit. Sociology. 2022. No. 2. (In Rus.) URL: https://cyberleninka.ru/article/n/otnoshenie-naseleniya-kitaya-k-kitayskoy-sisteme-sotsialnogo-kreditovaniya (data of accesses: 09.03.2023).
  8. Kormochi E.A., Zavyalova S.V. the system of social credit in the PRC as an element of social immunity under the conditions of globalization pressure. Social and Humanitarian Knowledge. 2022. No. 4. (In Rus.) URL: https://cyberleninka.ru/article/n/sistema-sotsialnogo-kredita-v-knr-kak-element-sotsialnogo-immuniteta-v-usloviyah-globalizatsionnogo-davleniya (data of accesses: 09.03.2023).

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