Are you not concerned with NSA or other five-eyes countries (or Israel, which had unfettered access to raw data from the US[0])? I mean, it's downright dystopian what the Chinese are doing lately in regards to privacy, but what advantage will they have over you as an individual if they have all your data? If I had to (or was able to) choose which government had my data, the NSA or the Chinese government, I might (perhaps naively) choose the Chinese.
On a related note, Microsoft gave the NSA complete backdoor access to Skype years ago[0], not to mention Outlook.com and who knows what else the NSA "needed" to build Prism and other tools, which remote contractors in Bahamas apparently have access to (thanks Snowden!).
[0]: https://www.theguardian.com/world/2013/sep/11/nsa-americans-...
[1]: https://www.theguardian.com/world/2013/jul/11/microsoft-nsa-...
