China’s top diplomat urges greater cooperation with Japan, South Korea

Chinese Foreign Minister Wang Yi. (AP)
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Updated 03 July 2023
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China’s top diplomat urges greater cooperation with Japan, South Korea

  • Wang emphasized the need to solve disputes through dialogue and consultation, and oppose words or deeds that could plunge the region into war

BEIJING: China, Japan and South Korea need to send a clear signal of regrouping toward cooperation, and resist “the coercion of bullying and domination,” China’s top diplomat, Wang Yi, said on Monday, in an apparent swipe
at the US.
The remarks come at a time of heightened tension as the US moves to forge closer ties with allies Japan and South Korea to push back against China’s growing regional influence.
Wang was speaking on efforts to revitalize cooperation among the three neighbors at a forum organized by the Trilateral Cooperation Secretariat, a body set up by agreement among Beijing, Seoul and Tokyo.

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At the event in the eastern coastal city of Qingdao, Wang also called for accelerating talks on free trade zones and efforts to free up and smoothe trade among the neighbors.

He called for them to “foster a sense of strategic autonomy, maintain regional unity and stability, resist the return of the Cold War mentality, and be free from the coercion of bullying and domination,” the Chinese Foreign Ministry said.
Although Wang stopped short of mentioning the US, he said “certain major countries outside the region” had attempted to replace unity with division while seeking geographical gains, the ministry said in a statement.
“If this trend is allowed to develop, it will not only seriously interfere with the smooth progress of trilateral co-operation, but also increase tension and confrontation in the region,” Wang added.
Wang emphasized the need to solve disputes through dialogue and consultation, and oppose words or deeds that could plunge the region into war.
At the event in the eastern coastal city of Qingdao, Wang also called for accelerating talks on free trade zones and efforts to free up and smoothe trade among the neighbors.
However, Wang reiterated Beijing’s opposition to Japan’s plan to release into the sea treated water from Tokyo Electric Power Co’s Fukushima nuclear plant, saying it would affect the marine ecosystem and people’s safety.
South Korean Foreign Minister Park Jin and Japanese Foreign Minister Hayashi Yoshimasa addressed the event via video link.

 


TikTok finalizes deal to form new American entity

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TikTok finalizes deal to form new American entity

TikTok has finalized a deal to create a new American entity, avoiding the looming threat of a ban in the United States that has been in discussion for years.
The social video platform company signed agreements with major investors including Oracle, Silver Lake and MGX to form the new TikTok US joint venture. The new version will operate under “defined safeguards that protect national security through comprehensive data protections, algorithm security, content moderation and software assurances for US users,” the company said in a statement Thursday. American TikTok users can continue using the same app.
Adam Presser, who previously worked as TikTok’s head of operations and trust and safety, will lead the new venture as its CEO. He will work alongside a seven-member, majority-American board of directors that includes TikTok’s CEO Shou Chew.
The deal marks the end of years of uncertainty about the fate of the popular video-sharing platform in the United States. After wide bipartisan majorities in Congress passed — and President Joe Biden signed — a law that would ban TikTok in the US if it did not find a new owner in the place of China’s ByteDance, the platform was set to go dark on the law’s January 2025 deadline. For a several hours, it did. But on his first day in office, President Donald Trump signed an executive order to keep it running while his administration sought an agreement for the sale of the company.
In addition to an emphasis on data protection, with US user data being stored locally in a system run by Oracle, the joint venture will also focus on TikTok’s algorithm. The content recommendation formula, which feeds users specific videos tailored to their preferences and interests, will be retrained, tested and updated on US user data, the company said in its announcement.
Oracle, Silver Lake and the Emirati investment firm MGX are the three managing investors, who each hold a 15 percent share. Other investors include the investment firm of Michael Dell, the billionaire founder of Dell Technologies. ByteDance retains 19.9 percent of the joint venture.