World Business Report US and China reach deal to keep TikTok running
Sep 15, 2025
A recent agreement between the US and China allows TikTok to continue operating in America, easing national security worries. The discussion also highlights the Pope's concerns about executive pay, particularly regarding figures like Elon Musk. Meanwhile, China's struggling economy faces challenges like local government debt and a slow property recovery. The decline of Labubu dolls raises questions about market trends and investor interests, showcasing the complex dynamics of global markets.
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TikTok Deal Eases US-China Tension
- A framework deal between the US and China appears to keep TikTok operating for Americans and eases immediate tensions.
- Final details hinge on an upcoming phone call between Donald Trump and Xi Jinping and further talks in weeks.
Negotiator's Wave Signalled Relief
- Xiaofei Xu described the Chinese chief negotiator leaving the venue waving and smiling as a sign of relief.
- She contrasted that with earlier tough US language that suggested a no-deal ban was possible.
China's Slowdown Is Largely Domestic
- China's current macroeconomic weakness is driven mainly by high local government debt and a weak property market.
- David Li argues central government bond issuance to swap local debt is a more important lever than cutting interest rates.