![]() ![]() Not only can he use it to feed a vast surveillance state to snuff out dissent, but he’s also looking to create a market for data to unleash its value throughout the broader economy. Some projections show China will hold a third of the world’s data by 2025, potentially giving it a big competitive advantage in areas like artificial intelligence that need lots of information to fine-tune algorithms and improve services.įor Xi, harnessing that data is key to maintaining political control. Perhaps more than any other major country, China has sought to harness the potential of data to transform its economy. The question is how the US and China will navigate-and negotiate-the trade-off.” “The trade-off, broadly speaking, is that the focus on protection will slow down economic and technological development. “We are in a moment where security concerns have taken precedence, due in part to changing geopolitical dynamics, as well as the ‘unknowns’ surrounding data-driven technologies,” said Tom Nunlist, a policy analyst at Beijing-based Trivium China, which advises businesses. Still, the costs of failing to reach some sort of deal are high: China risks losing access to deep capital markets abroad that can finance its push for technological superiority, while US companies could find themselves cut off from investing in one of the world’s top growth engines. While neither the US nor China say they want economic decoupling, failure to come to terms on what data can safely be shared could suddenly turn any “smart device” into a security risk. With the US lobbying other nations to prevent China from obtaining technology like advanced computer chips and Xi undertaking a national project to develop them, stringent data security controls risk further disrupting supply chains, balkanizing financial markets and forcing countries to pick sides. ![]() More broadly, the crackdown shows how big data is quickly turning into the next major battleground in a clash of superpowers, with implications that potentially could reshape the global economy for decades to come. That scrutiny awoke regulators in Beijing to the threat posed by private companies, prompting them to ban Didi from signing up new users days after it conducted the second-biggest American initial public offering for a Chinese company. Yet six years later it clearly shows the risk that an outside party-and perhaps foreign spies-could glean valuable intelligence from Didi about some of the country’s most important officials.ĭidi’s listing in the US last week came just as Xi is looking for ways to control the vast reams of data held by China’s tech giants, in part to ensure the Communist Party spreads the wealth beyond a small circle of billionaires. ![]() Using playful charts, it showed that traffic at the Ministry of Public Security was among the busiest, while China’s anti-corruption agency was relatively quiet.Īt the time, it looked like an innocuous peek at the potential of Big Data to make the government more efficient. Screenshots circulated of a breezy state media report on a Didi study that revealed how bureaucrats used the company’s services on two sweltering July days in Beijing. Shortly after Beijing’s shock cyber-security probe into Didi Global Inc., Chinese social-media users furiously passed around a 2015 story on the Uber-like app that showed what might be spooking President Xi Jinping. ![]()
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