FILE - Devotees of TikTok, Mona Swain, center, and her sister, Rachel Swain, right, both of Atlanta, monitor voting at the Capitol in Washington, as the House passed a bill that would lead to a nationwide ban of the popular video app if its China-based owner doesn't sell, March 13, 2024. If some U.S. lawmakers have their way, the United States and China could end up with something in common: TikTok might not be available in either country.
“It’s the most difficult time for Chinese tech companies and private businesses in decades as tensions and rivalry between the United States and China continue to grow," said Zhiqun Zhu, professor of political science and international relations at Bucknell University. With the rise of techno-nationalism, by which technological capabilities are deemed a national strategic asset, China's tech companies are obligated by Beijing's laws and rules to turn over data and have become “essentially a de-facto representative” of China's ruling communist party, Capri said.Beijing shut down ByteDance's jokes app
“This is my message to TikTok: Break up with the Chinese Communist Party or lose access to your American users,” said Gallagher, the bill's sponsor. “America’s foremost adversary has no business controlling a dominant media platform in the United States. TikTok’s time in the United States is over unless it ends its relationship with CCP-controlled ByteDance.”On Tuesday, Rep.
Source: Financial Digest (financialdigest.net)
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