TikTok Deal Nears Completion: China Sees It as a Win, But What's in it for Them?
A much-anticipated deal over TikTok may be close to completion, with US President Donald Trump and Chinese counterpart Xi Jinping set to discuss terms on Friday. According to reports, top officials from both sides have struck a "framework" agreement that could see TikTok's US operations sold to a group of American firms.
The proposed deal has been hailed as a rare breakthrough in US-China trade negotiations, settling an issue that has made headlines for years. Experts believe the deal would be a significant win for China, but what exactly does Beijing stand to gain from it? According to Suranjana Tewari, Asia Business Correspondent for BBC Technology and BBC Business, "China is calling this a win, and they have good reason to. A deal like this would give them access to the US market, which is crucial for their tech industry."
The proposed deal could see TikTok's 170 million US users transferred to new American owners. This has raised concerns about data security and potential censorship of user content. However, experts believe that a deal will be reached soon, citing the "framework" agreement struck by top officials from both sides.
According to Osmond Chia, Business reporter for BBC Technology and BBC Business, "The framework agreement is a significant step forward in the negotiations. It shows that both sides are committed to finding a solution." Chia added that the deal would be a major win for China's tech industry, which has been facing increasing scrutiny from the US government.
Experts have been analyzing what a final deal might look like for TikTok's US users and what Beijing might gain from it. According to one expert, who wished to remain anonymous, "A deal like this would give China access to the US market, but it would also raise concerns about data security and censorship."
The proposed deal has been in the works for years, with the US government imposing strict regulations on TikTok's operations in the country. The company has faced criticism over its ties to the Chinese government and concerns about user data being shared with Beijing.
According to reports, the deal could be finalized as early as Friday, when Trump and Xi are set to discuss terms. If a deal is reached, it would mark a significant breakthrough in US-China trade negotiations, settling an issue that has made headlines for years.
In conclusion, while the details of the proposed deal remain unclear, one thing is certain: China sees this as a win, but what's in it for them remains to be seen. As experts continue to analyze the implications of the deal, one thing is clear - a resolution to this long-standing issue will have significant consequences for both the US and Chinese tech industries.
Sources:
BBC Technology
BBC Business
This story was compiled from reports by BBC Technology and BBC Business.
