China to Debtors: Pay Up or Be Shamed

China to Debtors: Pay Up or Be Shamed
The reports said that China’s banking regulator, the Supreme Court
and the propaganda arm of the Communist Party had told local officials to complete the platforms by the end of the year and to make the public aware of the websites within two years.
Ant Financial — an affiliate of the Alibaba Group, the Chinese e-commerce giant
that trades in the United States — said it had set up its own credit rating system, Sesame Credit, which monitors the Supreme Court database without contributing to it.
A possible model for the databases is one already maintained online by the Supreme Court, which mainly
catalogs individuals, although it does include some companies and even a few small local governments.
Officials hope the new platforms will become a one-stop clearinghouse to help the local
authorities expose those names and pressure them to make good on their debts.
In others, local officials have worked with telecommunications companies to make sure those who
call an irresponsible debtor get a recording urging them to get their acquaintance to pay up.