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China’s Paper Tiger Surveillance State

Credit: Flickr/Zach SternChina is the quintessential surveillance state: cameras perch on every street corner and bots monitor every corner of the internet. Chinese officials believe these measures will enable them to anticipate and preempt threats to the regime. But might Beijing’s growing reliance on surveillance actually weaken the Chinese Communist Party (CCP)’s hold on power?China’s…

WSJ News Exclusive | China Orders Tech Giants to Unbundle Financial Services

SINGAPORE—In recent years, China’s technology giants have turned consumers’ embrace of mobile payment apps into lucrative ecosystems offering a range of financial services, from personal loans to insurance policies.Now, Beijing wants to put a stop to that.On Thursday, China’s central bank and four other regulatory agencies told some of the country’s biggest financial technology firms—including…