China conceals databases, info and secrets from foreign influences: report

KARAH RUCKER: CHINA IS AGGRESSIVELY MAKING MOVES TO CONCEAL THE COUNTRY’S DATABASES, INFORMATION, AND SECRETS FROM THE OUTSIDE WORLD – FURTHER CLOSING OFF THE CHINESE COMMUNIST PARTY FROM FOREIGN INFLUENCE – AND LIMITING TRANSPARENCY ON CHINA’S BUSINESS DEALINGS.

THE LATEST REVELATION COMES FROM THE WALL STREET JOURNAL THIS WEEKEND 

WHEN A SHANGHAI-BASED FINANCIAL INFORMATION PROVIDER CALLED WIND INFORMATION CORPORATION BEGAN RESTRICTING ACCESS TO USERS.

ITS WIDELY USED BY ANALYSTS AND INVESTORS BOTH INSIDE AND OUTSIDE THE COUNTRY – THE INFORMATION 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. 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 – HIGHLIGHTING THE NEW UNCERTAINTIES AND RISKS OF DOING BUSINESS OVERSEAS.