China and the US might have their first evaluation of their 6-month old trade agreement soon, but the cross-currents between both countries are here to stay, says Berkeley Research Group managing director Harry Broadman to Bloomberg Markets. China kept largely its promises, while the US cannot afford to take on China in a more aggressive way, he says.
Donald Trump’s plan to ban Tiktok from the US is straight-up Sinophobia, says former Baidu communications director Kaiser Kuo to Slate. Most successful apps in China will not make a decent following among consumers in the rest of the world, he argues, just because they are too much adjusted to China’s internet rules and customs, he adds.
Already before COVID-19, American and Chinese internet giants fought for dominance in the booming market for food and grocery delivery, and the coronavirus crisis had cause another boom in the market, says William Bao Bean, managing director of global venture capital firm SOSV in Shanghai in Marketplace. Having dominance in their home market helps the Chinese players.
TikTok has already decided to leave Hong Kong and other Western social media like Facebook and Google are trying to figure out what to do after China introduced its national security law to Hong Kong and they might have to cooperate with local police. Business analyst Shaun Rein suggests they would better off leaving Hong Kong altogether, in the South China Morning Post.
After a ban in India, short-video giant TikTok might be on the hit list of US Secretary of State Pompeo for a ban in the US too. Is US$100 billion unicorn Bytedance, TikTok’s Chinese mother company, meeting its Waterloo moment, wonders political economist Shirley Ze Yu at her China in 60″
Chaos reigns the White House as US presidential advisor Peter Navarro said the China trade deal was dead and was promptly corrected by US President Donald Trump who said the opposite. Business analyst Shaun Rein says at the BBC Trump cannot control his lieutenants, as they prefer to blame China for anything that goes wrong.