The pressure is mounting on China to sell TikTok App to the United States.
But officials in China say that they would prefer to shut down TikTok rather than sell it.
According to the reports, Chinese officials are concerned about pressure on Byte Dance (a company own TikTok) to sell the application to the US.
A spokesman for Bite Dance said that the Chinese government has never advised us to stop TikTok operations in the United States or any other market.
It should be noted that negotiations are underway with several companies regarding the sale of US operations by Byte Dance.
US President Donald Trump issued an executive order on August 6 this month, giving TikTok a 45-day deadline to sell its US assets to another US company.
The presidential decree said that if Chinese applications were not sold to a US company within the next 45 days, they would be banned in the United States.
TikTok was given a deadline of September 15, 2020, but later on August 16, the Trump administration extended the deadline by another 45 days.
A new order issued by the US president on August 16, citing national security concerns, instructed Byte Dance to sell its business in the United States to a US company within the next 90 days.
Microsoft, Apple, Twitter and Oracle have also expressed interest in buying TikTok’s US assets after the US President issued an executive order banning TikTok.
In late August, TikTok filed a lawsuit against the US government’s proposed ban on its service.
In this regard, TikTok had challenged the executive order of US President Donald Trump dated August 6, saying that “such a tough decision was made without any evidence and that too without proper procedure”.
On the other hand, at the end of August, China had updated its export laws, which included sensitive technologies.
China’s state-run Xinhua news agency said in a report that the new rules also meant that TikTok-owned company Byte Dance must first obtain a license to sell its business in the United States.
The changes in the law indicate that China wants to set its own terms rather than stop the sale.