Foreign analysts and investors are losing access to one of the most important databases of economic and financial data on China, which is created by the Shanghai company Wind Information. This became known to The Wall Street Journal.
The newspaper notes that Western researchers and analysts have been unable to renew existing Wind subscriptions due to what the service calls a “compliance” issue. The media noticed that this happened after the expansion of China’s law on espionage. The law is designed to deal with potential foreign threats.
The Xinhua News Agency wrote that members of the Standing Committee of the National People’s Congress voted on April 26 for the adoption of amendments to the law on counterintelligence, the changes will come into force on July 1.
According to the agency, the concept of “espionage” has been expanded in the law. Now it includes, for example, cyber attacks on the resources of state bodies. In addition, the number of objects of espionage has increased – now these are all documents, data, materials and articles relating to national security and the interests of the country and subject to protection.
The newspaper adds that Beijing has also increased its control over consulting and analytical companies, both foreign and domestic.
Source: Rosbalt
Mario Twitchell is an accomplished author and journalist, known for his insightful and thought-provoking writing on a wide range of topics including general and opinion. He currently works as a writer at 247 news agency, where he has established himself as a respected voice in the industry.
