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【CONTENTS】Oct.30 2019 ChinaEconomic Weekly

On October 21, Hangzhou policeissued a notice confirming that 51 credit card entrustedoutsourcing collection company was suspected of provocation and other criminalacts. A series of problems emerged.

Cover Story

P14| Data privacy War: the graybusiness behind the crawler

With a series of recent eventsbreaking out, a huge and secret business has emerged, showing us the other sideof big data that is not wonderful.

On October 21, Hangzhou policeissued a notice confirming that 51 credit card (02051. HK) entrustedoutsourcing collection company was suspected of provocation and other criminalacts. A series of problems emerged, such as using crawlers to steal user dataimproperly, abusing user information to collect huge profits. Previously, 51credit card apps such as 51 personal credit were named and criticized by theMinistry of industry and information technology for collecting personalinformation without the consent of users.

But what’s more terrible is that 51credit card is not an isolated case. Since this year, especially in the lasttwo months, a number of big data companies, credit companies and Internetfinancial companies with such businesses have been checked.

At the just concluded Sixth WorldInternet Conference in Wuzhen, “legal protection of cyberspace data” alsobecame an important topic. Government officials, academic experts andrepresentatives of leading enterprises from all over the world fully exchangedtheir views on such topics as “data security, personal information protectionand the rule of law on the Internet” and “the rule of law in data governance”.

When the car was just born, someonesued the court to ban the right to go on the road, because it was too fast, ifit hit a pedestrian, the consequences would be unimaginable, and there would beenough carriages.

Big data may be the “car” just onthe road in our era. We are looking forward to its bright future and infinitecharm, but at the same time, we have to make rules for it. Otherwise, it willreally “hurt people”, and the harm may be far greater than we think. The wholesociety needs to work out a set of perfect rules, and everyone may need a bigdata “driver’s license”.

CEW Editorial

P03| CPI “breaking 3” will not makemonetary policy in a dilemma

Special Report

P25| Weibo English’s lost

P28| 5G observation in Wuzhen

P31| Dong Mingzhu’s “new struggle”

P34| 60 years of Daqing Oilfield: amiracle in the world oil history

P38| Permanent magnet tractionsystem: China has mastered the most advanced high-speed rail tractiontechnology

Innovation Example

P43| “Reform maniac” Tan Xuguang’sgoal of “100 billion dollars”

Pictures

P46| The 7th world military gameswas held in Wuhan

Macro&Policy

P50| How much does the official“anchor change” of mortgage interest rate affect your house purchase?

P53| Announcement of the firstbatch of national logistics hub construction list

Finance&Capital

P56| Why does Shanghai Sociale-commerce black horse “taoji” fall rapidly?

P59| Is it a good deal for Wumei tobuy Metro China?

P61| Zhejiang construction group’s8 billion “backdoor” likes to be rejected

Industry&Company

P63| The truth behind the rumorthat four car companies are bankrupt

P68| Is there “nine gold and tensilver” in real estate?

P70| Build momentum ahead of timeto grab the C position in Jingdong’s home court ambition of 11.11

P74| “Black green” industrialbutterfly change

P78| “Anti corruption storm” in thereal estate giant

Economy&Law

P81| “Walking can make money”interesting step app was put on file for investigation

Region&City

P83| Field visit to steeltransportation market in Yangtze River Delta

P86| Country Garden: Twogenerations of poverty alleviation

P90| How to tap the potential oftourism in Chongqing

International

P93| What does the United Statesfear from Chinese astronauts when it “weaponizes” visas?

P95| Wework IPO “Waterloo”

Opinions 

P98| At this time, the interestrate should not rise -- the key point needs to be made clear by monetary policy

P99| The U.S. economy is declining.What should China do?

Column

P102| M2 “hypoglycemia” is thesource of financial risk

P106| Why can Jews become Nobellaureates?

Reading

P108| How much does capital earn?

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