These companies have “brought a sense of crisis to US elites, which shows that China’s top companies have the ability to move to the forefront of the world in technology,” the Global Times said.
“When similar things happen time and again, the US will take steps closer to its decline. The US is a pioneer in global internet and has created Google, Facebook, Twitter and YouTube. But in recent years, the US’ internet structure has been rigid,” it added.
U.S. moves against Chinese technology companies are happening as tensions between world’s two largest economies continue to rise. Some commentators have dubbed their relationship as the “new Cold War.”
Technology has been a key part of the dispute between the two nations, and TikTok is the latest to be dragged into the fight.
The social media app is perhaps one of the few Chinese companies to have found success in the American market. With Chinese technology firms expanding globally, one analyst recently told CNBC that the TikTok saga is part of Washington’s strategy to push back against the competition.
Source Article from https://www.cnbc.com/2020/08/04/tiktok-microsoft-deal-state-media-says-china-could-retaliate.html
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