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This week, the Chinese Communist Party dealt a humiliating blow to Wall Street, by crushing a major Chinese tech firm days after its IPO in which investors had invested 4.4 billion dollars On July 2, just two days after Goldman Sachs, J.P. Morgan and Morgan Stanley launched an initial public offering for the Chinese ride-hailing app Didi on the New York Stock Exchange, Chinese regulators cracked down on the company hard.  Citing data privacy concerns, the Chinese government ordered the removal of Didi’s app from app stores, pending an opaque national security review process. As a result, investors have lost 30% of their money in just a few days It’s a watershed moment that has even the most die-hard Wall Street China boosters finally admitting that the game has fundamentally changed. Until now, many in the financial world wanted to believe the Chinese Communist Party was fundamentally pragmatic. They insisted that Beijing would never risk its economic development by killing its Wal...

Data from several countries like Chile, Bahrain, Mongolia suggest that the Chinese vaccines may not be very effective at preventing the spread of the Chinese Virus  These countries are using vaccines made by two Chinese vaccine makers, Sinopharm and Sinovac Biotech Bahrain and the United Arab Emirates were the first two countries to approve the Sinopharm shot, even before late-stage clinical trial data was released Since then, there have been extensive reports of vaccinated people falling ill in such countries The Chinese have also not been transparent about the clinical trials of their vaccines  Read more: https://www.nytimes.com/2021/06/22/business/economy/china-vaccines-covid-outbreak.html

Apple has given control of their Chinese customer's data to the Chinese Communist Party who have full access to the emails, photos, documents, contacts and locations of all Apple users in China whenever they want it. U.S. law has long prohibited American companies from turning over data to Chinese law enforcement. But Apple and the Chinese government have made an unusual arrangement to get around American laws. In China, Apple has ceded legal ownership of its customers’ data to Guizhou-Cloud Big Data, or GCBD, a company owned by the government of Guizhou Province, whose capital is Guiyang. Apple recently required its Chinese customers to accept new iCloud terms and conditions that list GCBD as the service provider and Apple as “an additional party.”  The terms and conditions included a new provision that does not appear in other countries: “Apple and GCBD will have access to all data that you store on this service” and can share that data “between each other under applicable law.” ...