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.
Over four decades ago, leaders of China and the United States made the handshake across the vast Pacific Ocean, he added, noting that what made this possible was that both countries adhered to the principle of mutual respect and seeking common ground while putting aside differences.
Sorasak said the recent rising tendency in protectionism and unilateralism poses a severe hindrance to the global effort undertaken at the World Trade Organization (WTO) and beyond.
China rejects any attempt to create so-called "new Cold War": FM
NEW YORK, Aug. 8 (Xinhua) -- As the Trump administration is threatening to ban popular apps including TikTok and WeChat, "the United States may lose in Trump's TikTok war," warned an expert.
As "a just cause enjoys abundant support while an unjust one finds scant backing," Wang said the U.S. side has put its self-interests above market principles and international rules at the cost of undermining the rights and interests of American users and companies, and resorted to reckless political manipulation and suppression.
BEIJING, Aug. 6 (Xinhua) -- China has noted that Australia welcomes China's development and hopes that Australia can turn its words into concrete actions, a foreign ministry spokesperson said on Thursday.
Nearly 70 percent of the surveyed U.S. companies were optimistic about the commercial prospects of the Chinese market, and 87 percent of the companies reported no plans to shift production out of China, according to the survey.
Still, it will be necessary to establish a clear framework for relations between China and the United States, given the current complex situation of ties, he said.
The supplies, including two monitoring ambulances, four ventilators and 200 infrared frontal thermometers, were donated by Kunming to the Laotian capital Vientiane and the province of Luang Prabang, with a view to assisting in the battle against COVID-19.