China’s Commerce Ministry urges Australia to treat all firms, including TikTok fairly

Market news

7 April 2023

China’s Commerce Ministry urges Australia to treat all firms, including TikTok fairly

When asked about Australia banning Tiktok on government devices, China’s Commerce Ministry said that they urge Australia to treat all companies fairly.

Additional quotes

Urge Australia to create a favorable atmosphere for the development of China-Australia economic and trade cooperation.

The ban undermines the international community's confidence in the business environment in Australia and also harms the interests of Australian businesses and the public.

Market reaction

Despite the renewed Sino-Australian tensions, AUD/USD is grinding 0.14% higher on the day at 0.6780, as of writing.

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