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China has intensified its punitive measures against delinquent debtors by restricting their access to certain luxuries and conveniences. Individuals with outstanding debts are now barred from purchasing bullet-train tickets and are prohibited from vacationing or staying in upscale hotels. This crackdown is part of a broader enforcement effort that includes a publicly available government delinquency blacklist, which identifies a growing number of people who have fallen behind on their financial obligations.
China is cracking down on delinquent debtors by barring them from buying bullet-train tickets and forbidding them from going on vacation or staying in nice hotels https://t.co/c05DjSO2An https://t.co/c05DjSO2An
China is cracking down on delinquent debtors by barring them from buying bullet-train tickets & forbidding them from vacation or staying in nice hotels https://t.co/YJKsPmYEFO A man whose wages were garnished asked for an increase in his allowance; instead the court cut it
China is cracking down on delinquent debtors by barring them from buying bullet-train tickets and forbidding them from going on vacation or staying in nice hotels https://t.co/uvyK63euqW via @WSJ The number of people on a publicly available government delinquency blacklist has…