Image 01 Image 03

China Tag

TikTok's parent company, ByteDance, is planning to mount a legal and public relations offensive against U.S. President Donald Trump's ban on China-owned social media app. "ByteDance, the Chinese owner of short video hit TikTok, is preparing to escalate its legal and public relations battle against US President Donald Trump’s executive order to ban the app in the United States" Hong Kong based South China Morning Post revealed Monday.

Japan is offering financial incentives to its companies willing to divest from China. Tokyo has "offered a group of 87 companies subsidies totaling US$653 million to expand production at home and in Southeast Asia," Hong Kong newspaper the South China Morning Post reported on Wednesday. China is getting increasingly worried "as Japan bankrolls exodus of firms," the daily added. 

The Islamic terror group Hezbollah is hoping for a Chinese bailout as Lebanon suffers its worst economic crisis in decades. Hezbollah leader Hassan Nasrallah in a televised speech told his Lebanese followers to "look east" to Communist China for their economic rescue, media reports said.