‘Sell TikTok to the US’: China hopes the US will provide a fair environment for all firms.

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'Sell TikTok to the US': China hopes the US will provide a fair environment for all firms.
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Beijing: In response to a question about TikTok’s resumption of services in the US despite the government ban and US President Donald Trump signing an executive order advocating 50 percent US ownership, China’s Ministry of Commerce spokesperson He Yadong said: said , said on Thursday that China hopes that the US side will listen more to the voices of companies and people, provide a fair and just business environment for the development of all enterprises. Countries including Chinese enterprises in the US, and economic and trade cooperation between China and the US, as well as doing much for the welfare of the people of both countries.

China has always respected and protected the legitimate and legal rights and interests of enterprises. China opposes practices that undermine the fundamental principles of the market economy and threaten the legitimate interests of enterprises.

Trump signed an executive order on Monday seeking a 75-day delay in the implementation of the ban on TikTok, which was set to end on January 19, Reuters reported.

In signing the order, Trump suggested that the US government should own half of TikTok’s US business in exchange for keeping the app alive, according to Reuters.

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Chinese Foreign Ministry spokesman Mao Ning told a press conference on Monday that TikTok has been operating in the United States for many years and is very popular among American users. It has contributed positively to increasing US employment and consumption. We hope that the United States will seriously listen to the voice of reason and provide an open, fair, just and non-discriminatory business environment for market enterprises of all countries.

When it comes to actions like business operations and acquisitions, we believe that these should be decided by companies independently according to market principles. If it involves Chinese companies, China’s laws and regulations must be observed, Mao said.

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