Beijing, April 01, 2025 – The Europe Today: On Monday, China released a comprehensive guideline aimed at enhancing the country’s social credit system, as part of its efforts to promote high-quality economic and social development. The guideline, issued by the General Office of the Communist Party of China Central Committee and the General Office of the State Council, outlines 23 measures designed to create a more unified national market while ensuring a fair and orderly competitive environment.
The plan focuses on establishing a social credit system that covers all types of entities, integrating unified rules and regulations, and fostering shared benefits. The goal is to integrate the social credit system into every aspect of social and economic development, thereby optimizing the business environment, promoting financial services, and improving government governance and service efficiency.
The National Development and Reform Commission (NDRC) emphasized the critical role that credit plays in these areas but also acknowledged challenges such as inconsistent regulatory frameworks and insufficient sharing and openness of credit information. The guideline aims to address these issues by ensuring that information security is maintained, individual rights are protected, and that there is no illegal or irregular activity concerning the collection, processing, or use of credit data.
The NDRC also stated that future improvements to the social credit system are necessary to provide a strong foundation for the continued advancement of China’s economy and society.
