Experts say credit law needed urgently

Deputies to the National People's Congress and legal experts called for the establishment of a national credit law as soon as possible to accelerate the country's economic development and improve the rule of law.

In September, the NPC Standing Committee, the country's top legislative body, said it had included legislation on a credit system into its work plan in the next five years, although it is not an urgent item and has no specific timetable.

The legislature added it would do more research and consider reviewing it if the study was favorable.