China threatens to kill TikTok deal over 'dirty' Trump tactics

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BEIJING (BLOOMBERG) - Just a few days ago, the TikTok deal looked like a win for China.. Read more at straitstimes.com.

Now its state-run media are denouncing it as"an American trap" and a"dirty and underhanded trick".

Any agreement that makes it look like the Trump administration forced China's hand could hurt President Xi Jinping, who has repeatedly hailed the Communist Party's emergence as a great power in contrast to the humiliations suffered under colonial powers centuries ago. Mr Hu Xijin, the influential editor-in-chief of the Party-run Global Times, said the deal was"still unfair but it avoids the worst result".

"It's going to be controlled, totally controlled by Oracle, and I guess they're going public and they're buying out the rest of it - they're buying out a lot, and if we find that they don't have total control then we're not going to approve the deal.

On Wednesday in the US, ByteDance asked a federal judge to stop Mr Trump from implementing a ban on TikTok that is scheduled to begin this weekend.

 

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Politics aside. It is Business. Take the money off the table and leave.

China is in a lose lose situation regardless. Do it, it will be home goal. Don't do it, it will be empty threat. Either way it does not bode well for China.

Just do it, stop bluffing

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