A similar executive order has also been issued for WeChat, a messaging and social media app owned by Chinese tech giant Tencent. Enditem
WASHINGTON, Aug. 9 (Xinhua) -- The United States should stop making groundless allegations against Chinese companies including TikTok and give them a level playing field, Chinese Ambassador to the United States Cui Tiankai has said.
Only when the United States is ready to reduce its arsenal to the size of China's can both sides begin real negotiation, he said, adding, "I hope we could be given a very convincing answer."
Wei Shangjin, professor of finance and economics at Columbia University's Graduate School of Business and School of International and Public Affairs, said forcing TikTok to be sold cheaply to a "very American" buyer will endanger many U.S. firms in the Chinese market, according to an opinion published by Project Syndicate on Thursday.
Chinese State Councilor and Foreign Minister Wang Yi gives an exclusive interview to Xinhua on China-U.S. ties in Beijing, capital of China, Aug. 5, 2020. (Xinhua/Zhai Jianlan)
TikTok has been downloaded over 175 million times in the United States and over 1 billion times globally, according to the executive order, which claims that the app automatically captures "vast swaths of information" from its users, posing risks to U.S. national security.
The assertion turns a blind eye to all that has been achieved in China-U.S. relations over the past decades, and shows ignorance of the historical process and lack of respect for the Chinese and American peoples, Wang said.
"If China were to mimic Trump's gambit -- alleging, without providing evidence, that some U.S. multinationals are potential national-security threats -- it could force them to sell their operations to 'very Chinese' buyers. Although the Chinese government has not yet done so, the risk has become higher now," said Wei, who served as chief economist of Asian Development Bank during 2014-2016.
Anyone who tries to start a so-called "new Cold War" in the 21st century will be on the wrong side of history and will only be remembered as the one who has upended international cooperation, Wang said.
"It is certainly something that we can achieve together," he said.
U.S. President Donald Trump on Thursday issued an executive order banning any U.S. transactions with Chinese tech firm ByteDance, owner of TikTok, starting in 45 days.