Fugitive debtors have been exposed at downtown Yixing City, with their images being displayed live on street screens.  A cash reward ranging from 20,000 yuan to 330,000 has also been offered.

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The posters can be seen in Hengsheng square. This is, however, not news to the civilians as "runaway debtors" are common in the country.

The posters feature detailed information about the individual/organizations.

Branded as "runaway debtors," the group is believed to have an enormous amount of debt. The move comes at a time when the world's second-biggest economy is experiencing slow economic growth.

China's gross domestic product rate has reduced by nearly half of last year's 7.2 percent reading. The economy has a greater supply of products than the demand for it.

According to economist, Hu Xingdou, economic developments are greatly on the decrease.

"China's economic growth in recent years was powered by massive money printing which is dangerous and unstable," Xingdou said.

Chinese investors are trying to safeguard their interests by instead concentrating on future investments. They are focusing on consumers instead of their earlier state owned-owned partners. They are also venturing into projects inspired by the government's internet plus strategy.

An example is Qian Fei, the owner of Yixing axle maker Lingfei Forging. Judging from past experiences, Fei has chosen to restructure his business while embracing its much uncertainty. 

A recent bank credit data showed that a greater number of companies repaid loans than borrowing. This led to a net fall in corporate loans with companies choosing not to invest their money.

Tagschina, Yixing City, Yixing axle maker Lingfei Forging, Hu Xingdou