Jia Yueting, founder of famed domestic technology company LeEco, is among the 169 people who have been put on a recent government blacklist that bans them from taking trains or planes in China, which one expert said showed the government's determination to build a sound credit system in the country.

"China's credit system, though still at a relatively early stage, is fast developing with policy emphasis and emerging technologies," Wang Danqing, a partner at the Beijing-based Acme consulting firm, told the Global Times on Sunday.

According to a statement on the official website creditchina.gov.cn on Friday, the 169 people include not only financial market deadbeats like Jia but also those who haven't paid their taxes or those who have misbehaved in airports, on planes and on trains.

The list is valid for one year, and people can get their names removed from the list if they fulfill their obligations.

Liu Buchen, an independent analyst, said that it is definitely necessary for defaulters' consumption to be restricted in certain ways.

"Company leaders who go back on their word must pay a price for such deeds, and restrictions on the use of public transportation are a form of deterrent," he told the Global Times on Sunday.

Meng Wei, spokeswoman for the National Development and Reform Commission, disclosed in May that by the end of April, China's social credit system had blocked more than 11.14 million flights and 4.25 million high-speed train trips. Nearly 2.5 million people voluntarily carried out their duties for fear of credit restrictions.

"Building of the credit system, by punishing business defaulters and giving certain bonuses to honest business behavior, is persuading businessmen to cherish their credit standing, which is the main significance of the system," Wang said. 

But Liu said that for stubborn defaulters like Jia, transportation bans are insufficient punishment.

"Some fleeing defaulters, like Jia, might not be influenced by the law; others maybe don't care about transportation restrictions. I think tougher measures, like property confiscation, should be implemented," Liu said.

In the past, Jia has also been on a blacklist of people who failed to obey court orders. He was put on the list eight times between mid-2017 and early 2018, according to information provided by shixin.court.gov.cn.