Central China City Blacklists 10 Companies for Defaulting

Central China's Changsha City, capital of Hunan Province, blacklisted 10 defaulting companies and their legal representatives Wednesday to prevent them from making additional purchases prior to paying off their existing debt, a spokesman with Changsha Intermediate People's Court said.

Min Wenxiang, the spokesman, said the names of the 10 companies and the amount of their debt is to be publicized in various media and websites.

The court, this year, had implemented and concluded 285 default cases involving 628 million yuan (about 93.18 million U.S. dollars), said Min.

The blacklist was enacted to reduce and eliminate any future credit-default cases, he added.