China’s foreign ministry emphasises the importance of companies making independent decisions regarding their operations and deals. This statement comes after U.S. President Donald Trump proposed that American companies should hold a 50% ownership stake in TikTok.
The Chinese government advocates for businesses to manage their affairs without external pressures, especially concerning international ownership proposals. Previously, TikTok services were restored in the U.S. after Trump announced efforts to revive the app’s access.
The app had been shut down on national security grounds due to concerns over data misuse by its Chinese parent company, ByteDance. Trump’s proposal includes a joint venture granting the U.S. 50% ownership, aiming to address security concerns. However, some Republicans demand a full divestiture of TikTok from Chinese ownership. China signals openness to a deal, hoping to avoid another damaging trade conflict. The situation remains fluid as both nations navigate the complexities of international business and security.
