China's official newspaper China
Daily said in an editorial on Tuesday that the Chinese government would not
approve the purchase of TikTok by Microsoft Corp. China will not accept the US
takeover. If he is forced to sell, he can take action against Washington. This
is by far the strongest defence by Beijing for Byte Dance Limited and its viral
videos. Significantly, US President Donald Trump has threatened to ban TikTok
by saying that the deal to sell it to Microsoft or another US company should be
done before 15th September. Major government media such as the
Global Times have been quoted as saying that the process is similar to
officially sanctioned theft. China Daily said that China would by no means
accept antics such as forcibly buying a Chinese IT company. If the
administration executes its planned loot and robbery, there are many ways to
respond to it.
BiteDance has become the world's largest
startup thanks to TikTok's success abroad. US lawmakers accused it of posing a
threat to national security by vacuuming data. Trump now wants to acquire the
valuable assets of ByteDance, potentially through Microsoft, by adding TikTok
to the US entity list. If this does not happen, then American companies like
Apple Inc. and Google may also be forced to remove the app from their app
stores. America's actions are being viewed in a different way. Some people are
calling this a hoax with free speech and capitalism. Some people are justifying
it for taming political hostility and its IT industry. Trump on Monday insisted
several times that any sale of TikTok's US campaigns would require the US to
pay enough. Hu Xi Jin, editor-in-chief of the Global Times of the People's
Daily of the Communist Party, tweeted that it was an open robbery.
It is not yet clear what approach
China can take. The Global Times wrote that China has limited capacity to
protect its companies. China's foreign ministry has previously criticized
Washington for double standards in attempting to ban TikTok. But when asked
about the latest developments in a press briefing on Monday, a spokesperson
said that we also do not comment on specific business activities of the
companies concerned.
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