Linked by Thom Holwerda on Thu 1st Feb 2018 19:29 UTC
Internet & Networking

China's most popular messaging app, WeChat, has always had a close relationship with the Chinese government. The app has been subsidized by the government since its creation in 2011, and it's an accepted reality that officials censor and monitor users. Now, WeChat is poised to take on an even greater role: an initiative is underway to integrate WeChat with China's electronic ID system.

WeChat is a remarkably clever move by the Chinese government. Everybody over there is already using it, and by basically co-opting it, they get a free statewide monitoring and control platform. Ban a few western alternatives here and there, and you're done. Western nations are toying with similar ideas - see e.g. Germany's new laws - and it doesn't take a genius to see the dangers here. While you may 'trust' your current government to not abuse such wide-ranging laws and technical capabilities, you might not be so eager with the next one. If Americans can vote for a Trump, Europeans can, too.

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RE[4]: Comment by nrlz
by kwan_e on Sat 3rd Feb 2018 13:36 UTC in reply to "RE[3]: Comment by nrlz"
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chinese corporations are totally opaque. Their published financial statements are invariably complete works of fiction (the real accounts are actually state secrets). Nobody knows who the real owners are or how much the company has borrowed or lent of the balance sheet (shadow loans).

You didn't address any of my points - notably the factionalism that exists within the CCP. If any of those corporations are in so much trouble, it would easily be used as a political weapon.

But the fact is, Chinese corporations have been restructured or split up based on financial performance. Your response does nothing to address that fact.

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