Credibility (公信力 gōng xìn lì) refers to the extent to which individuals and firms believe that the government will carry out promising macro-economic policies which might benefit individuals and firms.
Part 1: Breakdown of Words
Part 2: Examples
- Central bank credibility (中央银行公信力 zhōng yāng yín háng gōng xìn lì).
- Government credibility (政府公信力 zhèng fǔ gōng xìn lì).