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

Ministry of Commerce spokesperson Hua Yongqian said in response to questions about TikTok's establishment of a joint venture company in the United States on December 25 that the Chinese government hopes companies can reach a solution that complies with Chinese laws and regulations and balances interests. During a routine press conference held by the Ministry of Commerce that day, a journalist asked: According to reports, TikTok has signed agreements with three investors and will establish a new TikTok U.S. joint venture company to ensure its continued operation in the United States. What is the spokesperson's comment on this? Hua Yongqian made the above response. Hua 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' economic and trade teams had reached a basic framework consensus on solving issues such as TikTok through cooperation on the basis of mutual respect and equal consultation. Hopes the United States and China can move towards each other and fulfill their respective commitments, providing a fair, open, transparent, and non-discriminatory business environment for Chinese companies to continue stable operations in the United States, promoting stable, healthy, and sustainable development of Sino-US economic and trade relations.