Business Standard

Chinese courts blacklist nearly 9.6 mn defaulters

IANS  |  Beijing 

More than 9.59 million people had been placed on a credit for defaulting by the end of 2017, according to the Supreme People's (SPC).

Defaulters have been restrained from purchasing more than 9.36 million plane tickets and 3.67 million high-speed train tickets by the end of 2017, the SPC said, reported on Saturday.

The SPC has cooperated with airlines and railway companies to bar the people who have defaulted from purchasing tickets, based on ID card information and their passports.

Moreover, the SPC has worked with banks to reject their loan and applications.

Courts nationwide had frozen deposits totalling more than 180 billion yuan ($27.7 billion) owned by defaulters, the SPC said.

People on the are also restricted from serving as corporate representatives or executives.



(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, January 13 2018. 20:16 IST