China to create national name-and-shame system for ‘deadbeat borrowers’
By He Huifeng
South China Morning Post. Tuesday, October 10, 2017
Anyone who fails to repay a bank loan will be blacklisted and have their personal details made public
South China Morning Post. Tuesday, October 10, 2017
Anyone who fails to repay a bank loan will be blacklisted and have their personal details made public
http://www.scmp.com/news/china/economy/article/2114768/china-create-national-name-and-shame-system-deadbeat-borrowers
Those who fail to repay a bank loan will be blacklisted, and they will have their name, ID number, photograph, home address and the amount they owe published or announced through various channels – including in newspapers, online, on radio and television, and on screens in buses and public lifts.
[...]In the southern city of Guangzhou, the personal details of some 141 debt defaulters have so far been displayed on screens in buses, commercial buildings and on media platforms at the request of local courts.
Meanwhile in Jiangsu, Henan and Sichuan provinces, the courts have teamed up with telecoms operators to create a recorded message – played every time someone calls – for those who fail to repay their loans. The message tells the caller: “The person you are calling has been put on a blacklist by the courts for failing to repay their debts. Please urge this person to honour their legal obligations.”
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Check this: China’s New Tool for Social Control: A Credit Rating for Everything. By Josh Chin and Gillian Wong
http://www.bipartisanalliance.com/2017/08/chinas-tool-for-social-control-credit.html
Beijing wants to give every citizen a score based on behavior such as spending habits, turnstile violations and filial piety, which can blacklist citizens from loans, jobs, air travel
WSJ, Nov. 28, 2016
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