China stays conspicuously quiet after Trump’s TikTok deal declaration
After US President Donald Trump approved an agreement that could keep Tiktok alive in the United States on Thursday, China remained silent in a prominent way – Beijing is still a remarkable silence that it can decide the fate of the practice.
While the Chinese state media remained silent about the agreement, the social media debate was limited. Connected to a state Weibo Account He talked about a Fudan University professor who described the agreement as “winner” for both countries.
During the signing of an executive order in the agreement, Trump said that he “continued” from Chinese President Xi Jinping.
There was no representative in the signature, and the Turkish Embassy in Singapore did not respond to CNBC’s requests for comments.
Meanwhile, some details of the agreement remain uncertain. On Friday, the Chinese media organization Lastpost said Tiktok’s operations will be divided into two companies by referring to anonymous resources.
A new joint venture company, which was held under Trump’s executive order on Thursday, will control Tiktok’s US business, data and algorithm, and Chinese -based owners will maintain less than 20% shares.
According to the order, this will meet the requirements of a US National Security Law, which requires Tiktok to be removed from US operations or encounter an effective prohibition in the country.
ByTedance will also establish a new US company responsible for Tiktok’s international operations, e-commerce, brand advertising and management vineyards, referring to anonymous sources.
Tiktok’s fate in the United States said that both major political parties may access Pekin’s sensitive data or use Tiktok to influence the public.
According to the Pew study, one -fifth of adult Americans regularly receive only 3% in 2020. questionnaire It was released on Friday.
Earlier this year, the Supreme Court approved a law to prohibit the application unless it was issued. The first deadline was in January, but Trump extended the deadline many times when looking for an agreement through executive orders.
Trump said that Xi first approved a tiktok offer At the beginning of this month After about two hours of call with the Chinese leader. However, reading the call from Beijing seemed to tell a slightly different story.
Xi said that his government will “be happy to see productive commercial negotiations in accordance with market rules and lead to a solution to China’s laws and regulations”.
Xi also asked the United States to “avoid unilateral trade restrictions” and “provide an open, fair and non -discriminatory environment for Chinese investors”.
The latest Tiktok negotiations come with the expectations that the platform can be used as the negotiation point in the midst of broader trade talks between Washington and the United States.
However, some experts said that there are very little incentive to allow CNBC to allow China to remove the stale.
If a potential agreement contradicts the conditions of disposal for Bayta, which is approved by the Supreme Court in January, in the United States.
James Sullivan from JP Morgan, who spoke about CNBC’s “Squawk Box Asia”, said that Tiktok agreement proposed by Trump is not clarified about who controlled the algorithm and left the national security concerns completely open.
