In his book, author Cheng Li argues that American policymakers must not lose sight of the expansive dynamism and diversity in present-day China.
As the dance over control of TikTok gets more complicated, last week it came out that the U.S. government has asked American-based video gaming companies where China’s Tencent is an owner or investor to detail how they handle the data of American players.
After President Trump withdrew the U.S. from the Trans-Pacific Partnership (TPP), the remaining 11 countries negotiated a new trade deal, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which was signed in March 2018. At the same time, China was negotiating its own trade deal, the Regional Comprehensive Economic Partnership (RCEP), whose 15 countries would account for 30% of the world’s population and GDP if it is ratified.
Since then Chinese President Jiang Zemin visited Latin America in 2001, China has become more engaged in the region. Chinese investment and loans to Latin America have declined in the last few years, but the region remains important to China as a market for goods and a source of essential energy and products.
Although WeChat is the most popular part of the Tencent empire and is deeply embedded in the everyday lives of Chinese, it doesn’t generate most of the company’s revenues. This week we look at Tencent and how it generated US$54 billion in revenue last year.
President Trump is worried that user data from the 45.4 million Americans on TikTok, owned by Chinese company ByteDance, could be handed over to the Chinese government and set a September 15th deadline for the app to be sold to a U.S. company or risk being banned.