Before revision:  We identified the scale-free and power-law properties of the guarantee network and found the global financial crisis and follow-up economic stimulus program had a significant influence on the evolution of the guarantee network. In particular, both the growth and connectivity of the guarantee network was diminished by the 2008 financial crisis , and enhanced by the following stimulus program.
After revision:  We identified the scale-free and power-law properties of the guarantee network became smaller, less connected and more stable because of many bankruptcies; second, the stimulus program encouraged mutual guarantee behaviors, resulting in highly reciprocal and fragile network structure; third, the following monetary policy adjustment enhanced the resilience of the guarantee network was diminished by the 2008 financial crisis , and enhanced by the following stimulus program.