Top court reveals blacklist of 83,000 debt defaulters

Source:Global Times Published: 2014-3-12 0:48:02

Over 83,000 names on the credit blacklist of debt defaulters have been made public, all of whom failed to obey court judgments since October 2013, announced the Supreme People's Court (SPC) on Monday.

Liu Guixiang, chief of the enforcement bureau of the SPC, said at the annual legislative session that the largest amount of debt from a company exceeded 350 million yuan ($57 million) and one person failed to pay 380 million.

The blacklist for "dishonest people" came into effect in October 2013 in a bid to build a credit system. China vowed to establish a blacklist for "dishonest" enterprises, according to the government work report for 2014.

Debt defaulters will be banned from booking flights and would be restricted in applying for loans or credit cards.

Some 72,000 defaulters have been punished and 20 percent of the listed debt defaulters have carried out their obligation afterward, according to Zhou Qiang, president of the SPC. 

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