PBOC increases its efforts to stem the flood of defaulting creditors

Credit vetting is the new buzzword in China. Even the Beijing municipal government published a black list last month as the scale of fraud and repayment evasion inexorably rises. With a liberated business press playing an important role, more and more outrageous scams are coming to light, revealing the ease with which white-collar criminals can milk Chinese banks of millions of yuan.

The Shenzhen City intermediate level people's court started to hear the fraud case involving Shenzhen Taiming Enterprises in...

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