Chinese online auction site Taobao.com has just released a blacklist of fake goods sellers. The list shows that many highly ranked sellers are cheating buyers by taking advantage of their high credit index.

Taobao.com has closed the accounts of these concerned sellers, with many netizens posting messages in online forums that they now can not trust Taobao's ranking system.

Sellers and buyers are ranked based on their trustworthiness and ability to deliver as-advertised products. One poster surnamed He says that some sellers register with different member names to make good comment about themselves so as to get high credit rankings.

Other netizens believe that the current ranking system has become a key element that restricts the development of online shopping businesses.