China Calls for "Balanced Consideration" After TikTok Deal
Commerce Ministry spokesperson He Yongqian addressed reporters at a scheduled briefing, referencing diplomatic discussions between the nations' leaders. According to He, economic and trade negotiators from both countries had previously established foundational agreement parameters for addressing the TikTok situation "through cooperation based on mutual respect and equal consultation" to advance the "important consensus" established during a telephone conversation between the two heads of state.
He called on Washington to collaborate constructively with Beijing, urging American authorities to "sincerely fulfill its pertinent obligations" and provide a "fair, open, transparent, and nondiscriminatory" operating environment enabling Chinese enterprises to sustain uninterrupted business activities on US soil. The spokesperson emphasized support for "steady, sound, and sustainable" growth in bilateral commercial relations.
The statement follows last week's announcement that TikTok finalized arrangements to transfer its American business segment to a newly formed US-controlled joint venture. Technology corporation Oracle represents a major stakeholder in the partnership, which was structured to ensure the social media platform's continued availability to American users.
The restructuring addresses federal legislation enacted in the previous year that mandated ByteDance, TikTok's China-based parent corporation, divest 80% of its American holdings or accept a complete US market prohibition.
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