Ministry of Commerce responds to TikTok's establishment of a joint venture in the United States: Hope companies can reach a solution that complies with Chinese laws and regulations and balances interests.

Spokesperson for the Ministry of Commerce, He Yongqian, stated on December 25 that in response to questions regarding TikTok establishing a joint venture in the United States, the Chinese government hopes for companies to reach solutions that comply with Chinese laws and regulations while balancing interests. During the routine press conference held by the Ministry of Commerce that day, a reporter asked: According to reports, TikTok has signed agreements with three investors and will establish a new TikTok joint venture in the United States to ensure its continued operation in the country. What is the spokesperson's comment on this? He Yongqian made the above response. He Yongqian stated that in order to implement the important consensus reached in the phone call between the leaders of China and the United States, the two sides' trade teams previously reached a basic framework consensus for solving issues such as TikTok through cooperation on the basis of mutual respect and equal negotiation. It is hoped that the US and China will move towards each other and fulfill their respective commitments to provide a fair, open, transparent, and non-discriminatory business environment for Chinese companies to continue stable operations in the US, promoting the stability, health, and sustainable development of China-US economic and trade relations. This article is reproduced from "Xinhua News Agency", edited by GMTEight: Xu Wenqiang.