AsianFin -- Chinese President Xi Jinping emphasized on Friday evening that China’s position on the TikTok issue is clear: the Chinese government respects the will of enterprises.  

Xi made his stance clear in a phone conversation with his U.S. counterpart Donald Trump.

China is glad to see the enterprises conduct sound business negotiations based on market rules, ultimately reaching solutions that comply with Chinese laws and regulations and balance various interests, said Xi during the conversation. 

He also expressed hope that the U.S. would provide a fair, open, and non-discriminatory business environment for Chinese companies investing in the U.S.

Trump said that the U.S. hopes to promote bilateral economic and trade cooperation and supports both teams continuing discussions to properly resolve the TikTok matter.

Trump also posted on his self-founded social media platform, Truth Social, saying that he had a “very productive call” with Xi, during which progress was made on issues including approval of the TikTok deal. “I also agreed with President Xi that we will meet at the APEC summit in South Korea, I will visit China early next year, and President Xi will also visit the U.S. at an appropriate time. The call was very successful, and we will speak again by phone. Thanks for the TikTok approval. We both look forward to meeting at the APEC summit!”