That’s because in China it almost certainly isn’t stored with good encryption. There is bound to be a backdoor that Apple don’t (or cannot contractually) disclose to their Chinese customers.
6 posts • joined 28 Jul 2017
Apple is a filthy AWS, Azure, Google reseller, gripe punters: iPhone giant accused of hiding iCloud's real backend
They can't file for administration
Well technically they can, but if they do their accounts will have to be handed over, it will then be revealed they've been trading while insolvent and then the directors will become personally liable for all the debts. So really, they can't, they're stuck between a rock and a hard place.