China calls TikTok sell-by date "coercive theft"
The little game of economic intimidation and political manipulation that the United States engages in on non-American companies amounts to coercive theft, a spokesperson for the Chinese Foreign Ministry said on September 11.
Zhao Lijian made the remarks during a routine press briefing when asked on September 10 to respond to remarks by US President Donald Trump that the deadline set for Chinese company ByteDance to sell US assets of its popular TikTok short video app would not be extended. "Either it will be closed or they will sell it," Donald Trump told reporters.
Zhao added that China opposes the US practice of expanding the concept of national security and abusing national power to oppress some foreign companies. The little game of economic intimidation and political manipulation that the United States engages in on non-American companies, whether they are "government-imposed transactions" or "government-forced transactions", amounts to coercive theft.
"This is a violation of market principles and international rules, and reveals all the irony of the United States in claiming to be champions of the market economy and fair competition," Zhao noted, adding that the United States should correct its mistake immediately and stop oppressing foreign companies, including Chinese companies, at the same time warning that China reserves the right to take necessary measures to protect the interests of Chinese companies .
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