Corporate social credit rating as a tool for ensuring the state economic security
https://doi.org/10.35854/1998-1627-2025-5-664-671
Abstract
Aim. The work aimed to reveal the mechanisms of the social credit rating in China and evaluate its effectiveness.
Objectives. The work seeks to determine the economic problems that social credit rating system is able to solve in China; to identify the main advantages and disadvantages of this tool in managing the state economy; to consider how this system is used to resolve the issue of interaction between the state and business to ensure economic security.
Methods. The study employed general methods of scientific cognition to discuss the policy of China in the field of digitalization of economic management and the processes of interaction between the state and private business in various aspects.
Results. The corporate credit rating system is an effective tool for tracking potential fraudulent schemes and economic crimes. It also helps to provide targeted subsidies to promising companies that meet the necessary requirements from the state for the purpose of economic growth and innovation, thereby reducing the risk of ineffective investments.
Conclusions. The introduction of a corporate social credit rating enables to systematize the information about companies in the People’s Republic of China (PRC) and increase transparency in monitoring of state subsidies. Such an initiative allows for more targeted allocation of budget funds, which helps to achieve greater results with less resource expenditure.
About the Author
Yu. A. Temichev
Lomonosov Moscow State University
Russian Federation
Competing Interests:
Russian Federation
Yuriy A. Temichev, postgraduate student
1 Leninskie Gory, Moscow 119991
Competing Interests:
The authors declare no conflict of interest related to the publication of this article
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Review
For citations:
Temichev Yu.A. Corporate social credit rating as a tool for ensuring the state economic security. Economics and Management. 2025;31(5):664-671. (In Russ.) https://doi.org/10.35854/1998-1627-2025-5-664-671
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