Boy, in a shame-based culture, that has gotta hurt
China’s “deadbeat” list is a running tracker of people who failed to meet court-ordered obligations — being on the list means being barred from flights, high-speed trains, and luxury hotels, among other things. In an interesting development this past week, the list now includes Luo Yonghao, high-profile CEO of smartphone company Smartisan.
Luo, who is known throughout China for his impassioned Weibo posts bashing tech companies like Apple and his unique smartphone product launches, had accumulated as much as 60 million RMB in debt trying to keep Smartisan in competition with China’s many other smartphone companies. After Smartisan failed to honor a previous contract with an outside firm, a court in Danyang ordered him to be placed on the public “deadbeat” list....
