China is aggressively making moves to conceal the country’s databases, information and secrets from the outside world. This will further close off the Chinese Communist Party from foreign influences and limit transparency on China’s business dealings.
The latest revelation comes from the Wall Street Journal. A Shanghai-based financial information provider, Wind Information Co., has begun restricting access to users.
It is widely used by analysts and investors from both inside and outside the country. The information is now restricted over national security concerns.
Recent moves from China, like the expansion of its espionage law, investigating U.S. companies based in China, and now a crackdown on access to databases, is seen as a shake up of priorities. It indicates that China is securing its country from foreign threats over embracing foreign investment.
Just days ago, the U.S. Chamber of Commerce sent a warning to investors and executives doing business in China. The department highlighted new uncertainties and risks of doing business overseas.
