China launches new Sanction regime, after US bans popular TikTok and WeChat apps

On Saturday, China launched a new mechanism that would allow it to sanction foreign companies. The new regime brought up in the game after a day when the United States announced the ban on downloading Chinese apps, TikTok and WeChat

China’s long-expected unreliable entities list is seen as a weapon to Beijing to revenge against the United States. However, the United States used its very own entity list, which shut down the Chinese giant telecom company Huawei out of the US Market and now banned TikTok and WeChat.

China’s move after the US bans its popular apps

The implementation of the new regime comes after a day, when the US Commerce Department builds up the pressure by imposing the ban on further downloading the TikTok and effectively blocking the popular Chinese app, WeChat.

Although, an announcement by the Chinese Commerce Department did not mention any Specific foreign entities that could be Targeted.

Yet, it said it would ban such entities whose activities will harm China’s national sovereignty, security, and development interests or violate internationally accepted economic and trade rules. This language has been usually tracked using against the US often by China.

China

Necessary actions may be taken which includes fines against the foreign entity, banning it from conducting trade and investment in China, and restrictions on the entry of personnel or equipment into the country.

The ban or sanction covers foreign enterprises, other organizations, and individuals, the ministry informed.

The US bans WeChat completely

According to the US order on Friday, Tencent owned WeChat will lose all its functionality in the US from Sunday onwards. However, TikTok users will be banned from installing updates but can accessing the services till November 12.

So, it will give enough time to TikTok, owned by Chinese ByteDance, to tie up with a US-based company to safeguard data for the wildly popular app to ease Washington’s security concerns.

In response to US steps, China called it US bullying and Said it violated the laws of international trade and there was no evidence of such security threats.

 

Also read: Citigroup Accidentally sent $900 Million to Revlon Lenders: Now Asking For Return. Read Full Story Here