December 20, 2017

China: The person you are calling has been blacklisted by the courts for failing to repay their debts

China maintains a public blacklist of debtors that effectively restricts their movements and their spending habits.

The country's highest court publishes the names and ID numbers of "dishonest people" on its website and restricts those people from flying domestically, using high-speed trains, or enrolling their children at expensive private schools.

Defaulters are also prevented from staying at hotels with three-stars or more.

Read more at https://www.businessinsider.in/Debtors-in-China-are-placed-on-a-blacklist-that-prohibits-them-from-flying-buying-train-tickets-and-staying-at-luxury-hotels/articleshow/62143176.cms

No comments:

Post a Comment