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Wenzhou Selected as Model City in Building Social Credit System
Date:2018-01-12 09:05:00 Source:Wenzhou·China Fonts:[ Large Medium Small ]

On the morning of January 9, the General Office of the National Development and Reform Commission of the PRC, and that of the People's Bank of China jointly released the Circular on Publishing the List on First Batch of Demonstration Cities for Social Credit System Construction.  China's 12 cities, including Wenzhou, were inscribed on the list.

The above demonstration cities were selected by voluntary application, organization and implementation of the construction, and experts review. The 12 cities include Hangzhou, Nanjing, Xiamen, Chengdu, Suzhou, Suqian, Huizhou, Wenzhou, Weihai, Weifang, Yiwu, and Rongcheng.

"Since 2015, Wenzhou has begun to build a national demonstration city for the construction of social credit system, and with several years of efforts, it has succeed at last," exclaimed Fang Yongjun, director of the Wenzhou Municipal Development and Reform Commission. Owing to the private lending crisis, Wenzhou's hard-won good credit has once been challenged in 2011, and its credit construction was at a low ebb. In recent years, Wenzhou has innovated the construction work by adopting the "credit plus" mode to improve its credit. By 2016, Wenzhou's Urban Credit Index ranked third among China's prefecture-level cities. On July 18 last year, Wenzhou won the "Innovation Award for Urban Credit Construction".

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