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China issues flight ban for six million debtors
Published on: 2017-02-16
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050The Supreme People's Court (SPC) of China has issued a flight ban for more than six million of the country's debtors in a move designed to force them to pay their debts, an official said on Tuesday.

The SPC also took the decision to prohibit 2.22 million people from travelling on high-speed trains, The Paper reports.

A total of 6.73 million people and organisations have been on the SPC's online blacklist since 2011 after refusing to meet their legal obligations, the report added.

The debtors on the list are accused of taking the advantage of legal loopholes to avoid paying debts accrued from civil and commercial cases.

Until debtors begin the process of repayment, their personal information will be available online and even released to the public via LED screens and billboards in a bit to shame them into doing so.

Although debtors can be put into prison for refusing to fulfil court orders in accordance with Chinese laws, few receive criminal convictions.

Close to one million people fulfilled their court orders since the establishment of a similar ban in 2014, said Meng Xiang, chief of the SPC's enforcement bureau.

While Chinese household debt has grown rapidly in recent years - from 17 percent to 40 percent of GDP - It remains well behind the figure in the United States, where it amounted to just under 80 percent in 2016.

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