Chinese government says it will not allow forced sale of TikTok by US

Chinesegovernment officials have come out in official opposition to any forced sale of TikTok, creating a road bump for the Biden administration’s attempt to require a transfer of the platform to a domestic owner for it to stay in the United States.

The Chinese Commerce Ministry argued on Thursday that the proposed price of TikTok to a customer in the United States would require the Chinese government to approve the trade of technology. Even before TikTok CEO Shou Zi Chew is scheduled to give a testimony before Congress, the government expressed concern that it would counteract investor confidence in the United States.

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According to government spokeswoman Shu Jueting and the Wall Street Journal,” China will vehemently oppose the information if it is true.”

Foreign family company ByteDance was forced to sell its stake in TikTok by the Committee on Foreign Investment in the United States, an interdisciplinary organization that examines U.S. restrictions with foreign companies, or face ban.

Through” Project Texas ,” a plan to store all U.S. data on localized servers, TikTok will protect user data in the United States, according to Chew.

Concerns about the relationship between Chew and TikTok’s family company, ByteDance, and the Chinese government have been expressed by authorities. According to a report from the Australian Senate Select Committee on Foreign Interference through Social Media,” ByteDance is subject to all the influence, guidance, and de facto control to which the Chinese Communist Party now subjects all PRC technology companies ,” and” CCP and the CRC state agencies have extended their ties into BytEDANCE to the point that the company can no longer be accurately described as an independent enterprise.”

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Sens. Mark Warner( D-VA ) and John Thune( R-SD ) have introduced legislation to give the Commerce Department additional authority to assess and determine whether foreign business deals pose security risks. Members of Congress have proposed several bills to restrict TikTok in the U.S.

In response, TikTok has increased its attempts to lounge in Washington. According to OpenSecrets, a democratic website tracking social spending, the public media industry spent the fourth-highest quantity on expenses expenses from any internet company.