TikTok sale shows US ‘Economic Intimidating’- China says
Chinese official accused the US of forcing the sale of TikTok on the grounds of national security, as ‘economic bullying’,
In addition, breaking EU sanctions on Huawei Technologies Co. Ltd. in comments Beijing’s rising Highlighted the assertiveness, who sees it. Inappropriate behavior from Western governments.
The head of the Chinese mission in the European Union said Zhang Ming has a specific act of coercive occupation in the United States with TikTok.
Fairness & reciprocity, cover of blah, blah, blah, ‘Ambassador Zhang said in an interview.’ This is nothing but economic bullying.
The company, owned by Bytedance Ltd has come under pressure in the US,
Where President Donald Trump’s ban has force the sale of TikTok’s American works.
TikTok submit a proposal to the Treasury Department over the weekend in which Oracle Corp would operate as a ‘trusted technology provider’, software company said.
Zhang’s comments represent a repeat retaliation from Beijing,
Which has accuse Washington of targeting Huawei without evidence & call the force sale of TikTok US a state sanctioned theft.
Oracle’s closely watch bid would have to win the US National Security Review as well as President Trump’s blessing.
Instead of buying the business outright, Oracle will invest in a newly restructure TikTok & at least 2 shareholders in TikTok’s Chinese parent company,
General Atlantic & Sequoia Capital will make bets in the new business,
Monday, familiar to the public referring to with the offer.
Terms of deal, which would also require sign=off from China, are still evolving.
Zhang say the exclusion of Chinese companies from European & American markets on the basis of national security is not based on any concrete evidence.
The envoy said the European Union’s ‘toolbox’ that allows Chinese companies,
Such as Huawei, to exclude from key components of the 5th-generation telecommunications network is inappropriate.
The ‘European Union rules run against the principles of free trade, multilateralism, the ambassador said, ‘I’m so sorry, this box is a dark & non-discrimination.’
In a set of commonly agree guidelines to reduce the risk from the roll out of next generation telecommunications networks earlier this year,
The European Union said companies based in non democratic countries would purchase certain core components Can be exclude from,
Evaluation by the following security agencies.