"Ethical Credit" And "Contract Credit"

Both China and Western have long history study on credit. Although two sides have coincident on the answer of scope for pursuit "credit" such ethical thought, they have different understandings during the progress and studying of Chinese and Western credit idea development, also due to which has been affecting the specific performance caused by credit thought from the people under different culture background of China and WesternTraditional China is agriculture society that people live on farming, despite affected by feudal hierarchy and consanguinity patriarchal also affected by Confucian ethical thoughts. Chinese credit based on honest and trustworthy with a condition of judging on one’s ability and has strong hierarchy which expressed as individual’s virtue, morality and self restrict. Western ancient society is a typical commercial society and everyone is equal only be accepted, all men are equal in front of the law. In that way, credit idea in Western is restricted by law under the condition that everyone is equal, which expressed as the justice and impartial during one’s pursuit of his or her benefit.Honest and trustworthy as one of China’s traditional virtues, remains important in today. Compare similarities and differences between the Western concept of credit is not difficult to find, and the interoperability of the Western concept of credit, that credit is commonly found in every corner of social life, and credit are trying to highlight the important moral position. Credit ideological development process, the Chinese and Western philosophers of moral superiority or interests supremacy of the discussion and study.Be credit with honesty as one of our traditional goodness, yet still has vital significant. What the social required at the present age is not only the pursuit for individual virtue but also the guarantee for expression to all kinds of social business relationship. Therefore through the comparison for the similarities and differences between Chinese and Western credit concept, we could easy find the both credit concepts agree the universality of the moral and the importance to social life. The differences between them happened to provide precondition and theoretical foundation for constructing new era credit concept.Under the impact of economy globalization, we should keep an open mind to critically learn their similarities and differences that is to promote the ethic spirit of traditional Chinese goodness and as well to use the spirit of covenant under Western legal society for reference.