China and US Reach Consensus on TikTok and Economic Issues

The Chinese and US delegations engaged in constructive dialogue regarding economic and trade issues, including TikTok, and reached a basic framework consensus on resolving the issues. China's international trade representative, Li Chenggang, stated that the countries recognized the importance of a stable China-US economic and trade relationship, which has a significant impact on global economic stability and development. The two sides agreed to respect each other's core interests and major concerns and find solutions through dialogue and consultation.

Key Takeaways:

• China and the US have reached a basic framework consensus on resolving the TikTok issue through cooperation, reducing investment barriers, and promoting economic and trade cooperation.
• The two sides will continue to maintain close communication and discuss the details of the relevant outcome documents, with each country going through domestic approval procedures.
• China has agreed to the consensus as it believes it is in their mutual interest, with the country noting that the US has overstretched the concept of national security and expanded sanctions against Chinese entities.
• The US side cannot ask China to take care of its concerns while continuously suppressing Chinese enterprises, with China urging the US to correct its mistakes and lift restrictions as soon as possible.

Statistics:

• The Chinese government will examine and approve relevant matters involving TikTok, such as technology export and license use of intellectual property, in accordance with relevant laws and regulations.
• The US side has continuously expanded sanctions against Chinese entities, with Li Chenggang noting that this is a typical act of unilateral bullying that violates international law and basic norms governing international relations.
• China has noted that the US side is still continuously expanding sanctions against Chinese entities, with Li Chenggang emphasizing the need for the US to correct its mistakes and lift restrictions as soon as possible.

Sources:

• Xinhua (via COMTEX)
• XINHUA NEWS AGENCY