In an editorial piece by China Daily, the Chinese media outlet slams the US’ approval of the Tik Tok-Oracle agreement, calling it a ‘dirty and unfair’ deal, adding that Beijing has no intention to approve such a deal that is based on “bullying and extortion”. Key quotes “What the United States has done to TikTok is almost the same as a gangster forcing an unreasonable and unfair business deal on a legitimate company.” “National security has become the weapon of choice for … Washington when it wants to curb the rise of any companies from foreign countries that are out-performing their US peers.” “China as a big country will not accept blackmail from the US Nor will it hand over control of an outstanding high-tech Chinese company to extortionists.” Market reaction The risk sentiment remains tepid amid the coronavirus resurgence in Europe and renewed US-China tensions. The greenback continues to benefit from increased haven demand when compared to its main rivals. The higher-yielding aussie got hammered amid risk-aversion and RBA rate cut calls, with AUD/USD now meandering near six-week lows of 0.7127. The spot is down 0.61% on the day. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next China’s inclusion in world government bond index may drive $140 billion in inflows – Goldman Sachs FX Street 1 year In an editorial piece by China Daily, the Chinese media outlet slams the US’ approval of the Tik Tok-Oracle agreement, calling it a ‘dirty and unfair’ deal, adding that Beijing has no intention to approve such a deal that is based on "bullying and extortion". Key quotes "What the United States has done to TikTok is almost the same as a gangster forcing an unreasonable and unfair business deal on a legitimate company." "National security has become the weapon of choice for ... Washington when it wants to curb the rise of any companies from foreign countries that are out-performing… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
