August 30, 2020

China export restrictions pose new risk for TikTok sale in US

China’s inclusion of new technologies on an export restrictions list could hamper TikTok’s sale in the US, according to state media reports, in the latest ratcheting up of trade tensions between the two countries.

China’s Ministry of Commerce revealed late on Friday the government had added items including those related to computing and artificial intelligence to a list of technologies subject to export controls.

In an interview with the state-run Xinhua news agency, Cui Fan, a government adviser, suggested that the new measures could impact the sale of TikTok by ByteDance, its Chinese owner, because they cover some of its underlying technologies.

He added that the company, which has attracted interest from Microsoft, Oracle and Walmart for its operations in the US, Canada, Australia and New Zealand, should “seriously and cautiously” decide whether to suspend its negotiations as a result.

The trade restrictions are the latest development in a feud between China and the US over TikTok, a popular video app that President Donald Trump has vowed to shut down unless its business in the country is sold to an American firm.

China has not adjusted its list of technology export restrictions since 2008, the Ministry of Commerce said

Global coronavirus cases surpass 25 million as pandemic strains nations around the world

The number of reported Covid-19 cases across the globe has surpassed 25 million, with the U.S., Brazil and India leading the grim count, according to data from Johns Hopkins University. 

The coronavirus has killed more than 843,000 people worldwide since it emerged from Wuhan, China, late last year, with the Americas reporting the bulk of fatalities. The U.S., Mexico and Brazil represent more than 40{6b17707e448e34f54d6d1a9e433426abf2addbba8938cba1c35a09fc0ada7803} of the global death toll, according to Johns Hopkins. 

Reported Covid-19 cases first surpassed 10 million in late June, then reached 20 million just over six weeks later on Aug. 10, according to Johns Hopkins data. 

“This virus is going to be with us for a while. Without a vaccine, it’s going to be with us for years,” Carissa Etienne, director of Pan American Health Organization and the World Health Organization’s regional director for the Americas, said during a news briefing Tuesday. “Reopening does not mean that the fight is over.”

Some European countries have started to report a recent resurgence in cases. France Prime Minister Jean Castex said the virus has spread rapidly among young people, forcing the government to intervene. Castex said France “must do everything to avoid a new confinement,” the Associated