(Yicai Global) Jan. 2 -- China's highest mainland court has proposed that debt-blacklisted people be given a grace period of one to three months to make amends before letting other people know and banning excessive consumption.

Only when a debtor fails to fulfil his or her obligations, local courts could release the information and take appropriate remedial measures, the Supreme People's Court of China said at a press conference today.

Editor: Emmi Laine