By Ma Lie (China Daily)
Updated: 2007-07-20 09:43

"At present, our province's social credit system is still in the initial stages, management agencies are inadequate, local matching legislation is incomplete, we lack a credit information sharing mechanism, and monitoring and punishing dishonesty is ineffective," Huang said.

The social credit system will encompass a series of laws, rules and regulations, organizations and their regulatory structures, and tools for information collection and disclosure.

This is essential to maintaining social and economic stability, Zhang Baotong, a social and economic development expert, said.

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