China's credit blacklist is a legal web meant to catch those who can pay their debts but won't.
How do you get someone to repay what they owe without ruining their chance to start over?
And imagine this.
You fire up an app, suggest a new bus route to get you to work faster.
Others vote yes and boom.
Your custom ride shows up in three days.
In Shanghai, this is now a reality.
Is the future of public transportation here?
in shanghai and all these cities that implement this app coming to you live from beijing this is roundtable i'm he young for today's program i'm joined by yushan and steve hatherly in the studio first on today's show china's credit Blacklist was created to rein in individuals who deliberately avoid repaying their debts.
These are cases where the court has determined the person has the means to pay but refuses to,
often by concealing assets or evading enforcement.
Once blacklisted, individuals face a range of restrictions,
such as being barred from flights and high-speed trains.
imposing limits on luxury spending.
The system is designed to uphold legal accountability,
though its broader social and technological reach continues to raise concerns.
Under what circumstances is a person placed on China's credit blacklist?
Well, that's a very big idea.
First of all, let's just unveil what it is to be called a blacklist.
So the blacklist we're talking about right now now is officially known as the list of dishonest persons subject to enforcement,