China to Debtors: Pay Up or Be Shamed<br />The reports said that China’s banking regulator, the Supreme Court<br />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.<br />Ant Financial — an affiliate of the Alibaba Group, the Chinese e-commerce giant<br />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.<br />A possible model for the databases is one already maintained online by the Supreme Court, which mainly<br />catalogs individuals, although it does include some companies and even a few small local governments.<br />Officials hope the new platforms will become a one-stop clearinghouse to help the local<br />authorities expose those names and pressure them to make good on their debts.<br />In others, local officials have worked with telecommunications companies to make sure those who<br />call an irresponsible debtor get a recording urging them to get their acquaintance to pay up.
