China is actively developing a data management system, viewing it as a key resource alongside labor, capital, and land. This creates new challenges for democracy.
China as a Leader in Data Creation
With 1.1 billion internet users and government initiatives in digital control, China is becoming a world leader in data creation. Authorities view information as a key resource and are developing facial recognition infrastructure and a centralized market for trading personal data.
The Black Market for Data in China
The black market for data in China has a stable pricing system for various categories of personal information. For instance, access to social media account details may cost just a few dollars, while access to bank accounts can be priced in the thousands. Leaks and insider trading make information about citizens readily available and inexpensive.
Political and Economic Consequences of Centralized Control
China's centralized data control system may pose not only an economic threat but also a political one. The creation of a 'national ocean of data,' encompassing consumers, industry, and government activities, could lead to new challenges in civil rights and regulation in democratic countries.
China continues to advance its data management system, raising concerns over potential political and economic consequences for both the country and the world at large.
