Economic Daily: A crucial step has been taken in credit repair reform.
The Economic Daily article stated that recently, the State Council issued the "Implementation Plan for Further Improving the Credit Repair System", which made an overall deployment for the construction of the social credit system in the new era, providing a more standardized and transparent repair channel for dishonest subjects. Credit repair is an important institutional arrangement for the construction of China's social credit system. The introduction of this "Implementation Plan" marks a shift in China's credit supervision from "strict control and lenient entry" to "lenient entry and strict control". This reform is not only a necessary requirement for optimizing the business environment but also an important way to guide dishonest subjects to enhance the entire society's integrity awareness. In fact, whether the credit repair system is improved or not is related to the quality of the development of business entities, and also affects the livelihood of millions of workers. Its significance has far exceeded mere institutional adjustments.
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