Abstract
Credibility is an old yet modern topic. It has a particular significance in the current trend of market economy. However, China is facing a serious crisis of credibility nowadays. This paper proposes the suggestion of building credibility system in China from legal perspective.
Highlights
Credibility is an old yet modern topic. It has a particular significance in the current trend of market economy
China is facing a serious crisis of credibility nowadays
This paper proposes the suggestion of building credibility system in China from legal perspective
Summary
Credibility includes the following three aspects: Firstly, it is related with culture and moral. If someone is honest and trustworthy, this person is regarded to be credible It shows the credibility relationship between each other. Credibility refers to a kind of economical relationship. Credibility refers to a kind of legal relationship. Credibility itself is a kind of law. If the market players are not credible and disobey credibility, they will be punished by law in order to protect the investors By this can social market economy operate orderly and normally. Credibility is a personal problem and a social relationship. It reflects cultural and moral, legal and economical relationship. We can draw the conclusion that credibility is very important
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