Life On China's Blacklist
The Indicator from Planet Money
Life On China's Blacklist
The Indicator NPR hide caption
The Indicator from Planet Money
Life On China's Blacklist
The Indicator NPR hide caption
In America, default and bankruptcy is almost a rite of passage for people in business. It's certainly nothing to be ashamed of. In China, however, failure to pay your debts is a cardinal sin. Offenders are banished to a blacklist. If you're on the blacklist, you can't buy a plane ticket or stay in many hotels. And your face may be plastered on billboards throughout the city, naming you as untrustworthy. Today on the Indicator, we talk with a coal broker who has been on the list for more than two years.
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