CEI: a new indicator measuring City Commercial Credit Risk initiated in China

Abstract: Aiming at quantifying and evaluating the regional commercial environment along with the level of economic development among cities in mainland China, the concept of China City Commercial Environment Credit Index(CEI) was first introduced and established in 2010. In this manuscript, a historical review and detailed introduction of CEI is included, followed by statistical studies. In particular, an independent statistical cross-check for the existing CEI-2012 is performed and significant factors that play the most in influential roles are discussed.