FT News Briefing China’s digital dictatorship
Sep 20, 2021
James Kynge, Global China editor at the Financial Times, dives deep into China's intricate web of data control and regulation. He discusses how Beijing is reshaping major tech platforms like Alipay, pushing for state ownership and centralization. Kynge highlights the tech industry's challenges under the Communist Party's tightening grip, raising concerns for innovation and investment. He also sheds light on Xi Jinping's vision for an authoritarian society, with extensive surveillance that influences everyday life. A thought-provoking insight into China's digital dictatorship!
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Security Pact Fallout
- The US, UK, and Australia security pact counters China's influence, angering China and France.
- France is upset about Australia canceling a submarine deal.
UK Energy Crisis
- UK energy groups seek government aid amid surging gas prices, which have tripled since the start of the year.
- Lower gas supply from Russia and globally tight supplies contribute to this crisis.
China's Data Control
- The Chinese government aims to control data used in governing, boosting the economy, and ordering people's lives.
- They ordered Ant Group to split Alipay's loans unit and hand over user data.