China and US Reach Basic Framework Consensus on Resolving TikTok Issue through Cooperation

According to Xinhua News Agency, Chinese Ministry of Commerce's International Trade Negotiator and Deputy Minister Li Chenggang stated on the 15th that China consistently opposes politicizing, weaponizing, or tooling technology and economic issues, and will not seek any agreement at the expense of principles, corporate interests, and international fairness and justice regarding the TikTok issue. China will firmly defend national interests and the legitimate rights of Chinese companies, and conduct technology export approvals in accordance with laws and regulations. At the same time, the Chinese government fully respects the will of enterprises and supports them in conducting equal commercial negotiations based on market principles. During the meeting, both sides had candid and in-depth exchanges regarding TikTok and China's concerns, reaching a basic framework consensus on resolving TikTok-related issues through cooperation, reducing investment barriers, and promoting relevant economic and trade cooperation.

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