China and the USA reached an agreement on TikTok: what it means for users.

Agreement between China and the USA on TikTok

According to inkorr.com: China and the United States have reached an important agreement regarding the future of the Chinese social network TikTok in the United States. As reported by the Ministry of Commerce of China, both sides intend to continue consultations to resolve outstanding issues.

"The parties have reached a basic framework agreement regarding the proper resolution of issues related to TikTok, reducing investment barriers, and promoting the development of bilateral trade and economic cooperation," the statement said.

Working groups from both countries plan to conduct additional negotiations on the final documents and internal procedures necessary for agreement and approval.

Emphasis on cooperation and mutually beneficial relations

China has expressed readiness to protect the legitimate rights and interests of TikTok. At the same time, the country plans to support national companies in conducting equitable commercial negotiations based on market principles. Vice Premier He Lifeng emphasized the importance of achieving mutually beneficial outcomes in trade and economic relations.

"Cooperation between China and the United States is beneficial to both sides, while confrontation will also harm both," the Vice Premier emphasized.

It is expected that the USA will demonstrate readiness for cooperation and lift restrictions on Chinese companies. Both sides plan to create conditions for the stable development of trade and economic ties.

The agreement between China and the USA regarding TikTok is an important step towards further cooperation and resolving differences in trade relations, which will contribute to the stability and development of the market.