We just realized that any data going through the wire should be considered as directly provided to state agencies, and now we're excited to be able to put our private data on chinese servers ? I genuinely first thought it was a joke.
If you regularly watch your server logs, you know your ssh servers are continuously tried for bruteforce. And if you often run "whois" against attacking IP, you know that since last year, most of those attackers are chinese.
Of course, nothing allows to say those attacks are made by government rather than individuals (China is the biggest country in term of population, after all), but that's enough for me to decide not to elect this country as the place where I put my data (and yes, I try as much as I can to not store anything in US too).