New Chinese rules on export ban could hinder TikToK sale: Chinese news channel CGTN

Bengaluru: Chinese Internet firm ByteDance may have to suspend negotiations over the pending sale of its popular video-sharing app TikTok , a trade expert told Chinese news channel CGTN, after China released a revised catalogue of technologies that are subject to export bans or restrictions . The revised catalogue, released on Thursday jointly by China’s Ministry of Commerce (MOFCOM) and the Ministry of Science and Technology, added a total of 23 items subject to export restrictions while deleting four items prohibited from export, including microbial fertilizing and caffeine production technologies, CGTN reported. CGTN, formerly known as CCTV-9 and CCTV News…