This book explores how social trust impacts the Chinese economy. Due to the profound social changes brought by rapid urbanization, China's traditional social trust system gradually weakens. How to rebuild and enhance social credit remains as a key and difficult project. Exploring case studies from the real estate market, private banking, and urban financing, this book explores the value of informal social links to the economic functions of a society and how to rebuild them when they erode. This is of interest to scholars of China's economy and society.

 

Liu Weiping, born in Changsha, Hunan province, is a researcher with China Development Bank. He holds a Ph.D. in law from the Department of Sociology, Tsinghua University, presides over Professor John L.Thornton's Global Leadership Program, and holds a M.A. in management; he holds a Ph.D. in economics and a B.A. from and is a dual-employed professor of law and economics at the Department of World Economics, Wuhan University; he is a visiting scholar and researcher at the MIT Sloan School of Management and School of History.

Part 1Social Trust and Informal Finance. Chapter 1. Significance of the Sociological Study of Informal Finance.- Chapter 2. Concepts, Methods, Research Findings and Innovations. - Chapter 3. Traditional Social Trust and the Rise of Informal Finance in City D.-Chapter 4. Social Trust Rupture and Informal Financial Crisis in City D.- Chapter 5. Strategies of Different Departments to Cope with Informal Financial Crisis.- Chapter 6.  Efforts to reshape regional finance with government credibility.- Chapter 7.  The Reconstruction of Trust System and the Modernization Transformation of Regional Finance.- Part 2National Trust and Economic Transformations.- Chapter 8. Development Finance: Crack the Urbanization Financing Risk with Government Credit Enhancement.- Chapter 9.  Development Finance: A Financing Platform Between the Government and the Market.- Chapter 10.  The Global Financial Change and China's Monetary Policy in the New Era.- Chapter 11.  China's Economic Adjustment and Rebalancing: Inspirations, Challenges and Strategies.