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.
"In light of Washington's trade concerns, China put into effect at the beginning of 2020 a new Foreign Investment Law that gives foreign companies greater access to the Chinese market, and offers greater guarantees in intellectual property protection," he said.
"We urge the U.S. side to abide by the one-China principle and the provisions of three China-U.S. joint communiques, stop official interactions and contact of all kinds as well as the upgrading of substantive relations with the island, and handle Taiwan-related issues in a prudent and proper manner, so as not to seriously damage China-U.S. cooperation in major areas as well as peace and stability across the Taiwan Strait," Zhao added. Enditem
"These will only lead to its moral decline, damage to its national image and international trust deficit, and are doomed to boomerang," Wang said.
A China-Europe freight train with 45 compartments of anti-epidemic supplies leaves the Xinzhu Railway Station in Xi'an, northwest China's Shaanxi Province, on Aug. 12, 2020, to head for Italy's Milan. The shipment includes 368,300 masks and 94.9 tonnes of melt-blown non-woven fabric, an essential material for manufacturing medical masks. (Photo by Yuan Jingzhi/Xinhua)
In the meantime, China will firmly defend its sovereignty, security and development interests, because this is a legitimate right inherent in China being an independent sovereign state, Wang stressed.
Spokesperson Wang Wenbin made the remarks at a routine press briefing after Australian Prime Minister Scott Morrison delivered a speech at the Aspen Security Forum on Wednesday, saying that Australia welcomes China's rise, and expects China to play a role in regional and global stability. He also said Australia has found no evidence showing it should restrict the popular short-video app TikTok.
The exchange of information including that of audit work papers should be conducted through regulatory cooperation channels, which is an internationally accepted common practice, the CSRC said. Enditem
Hong Kong is part of China's territory and Hong Kong affairs fall within China's internal affairs, Wang stressed during an interview with Xinhua.
"The Chinese experts are very supportive and helpful," Mahdi said. "When they were here, they gave us all the technical training we need. They are also sending me all the documents. This can be a treasure for us."
In return, China sent 12 vessels containing more than 1,000 containers of raw materials to supply the struggling garment factories in Cambodia in mid-March. Moreover, China also sent medical experts and COVID-19-testing devices to help support Cambodia's combat against the virus, he said.