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International Business Times UK
International Business Times UK
Business
Niloy Chakrabarti

China Has 8.3M People Who Can't Repay Their Debts: Here Are The Shocking Ways They Are Punished

China steps up policing of citizens. (Credit: Nguyen Khanh/Pexels.com)

Since the pandemic, the second-largest economy in the world, China, has been facing a prolonged market slump and a real estate crisis which have thwarted its attempts at a robust economic rebound. However, while China navigates dynamic geopolitical landscapes, many of its citizens in debt face various limitations in their day-to-day activities.

According to The New York Times Journal, blacklisted from social services are 8.3 million people who struggle to repay their debts. These debtors have been ordered by courts to pay back the money, and the blacklist contains their personal information.

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