China Says It Opposes a Forced Sale of TikTok, Wall Street Journal, Mar. 23, 2023.
Biden administration demands that video app divest itself from its Chinese parent or face a U.S. ban
China said it would strongly oppose any forced sale of TikTok, responding for the first time to a Biden administration demand that the video app divest itself from its Beijing-based parent ByteDance Ltd. or face a nationwide ban. China’s Commerce Ministry said Thursday that a forced sale by Washington could damage the confidence of Chinese investors in the US and said any sale or spinoff of TikTok would involve technology-export issues that would need to be handled according to Chinese law and with the approval of the Chinese government. The “Chinese government would make a decision based on related laws,” said Shu Yuting, a spokeswoman for the ministry. She said a forced sale would severely undermine global investors,’ including Chinese investors’ confidence in investing in the US.
(To be continued)