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Last Friday, President Donald Trump announced that his Chinese counterpart,
Xi Jinping
had tentatively approved a deal to save Tik Tok in the US.
I had a great call with President Xi and as you know, he approved the Tik Tok deal.
And we're in the process.
We have some great Under the proposed agreement,
Tik Tok's US operations would be separated from its Chinese parent company, Byte Dance.
And a group of new US backers would own a majority stake in the company.
This deal is part of a broader push to put the Trump trade war behind them to re-engage with the US administration.
Mark Anderson is a Bloomberg Asia tech editor based in Hong Kong.
The very fact these two men were speaking was very significant.
Of course, the relations between China and the US are at one of their lowest points for years,
and both leaders are really looking to ratchet down the tension and move on to the next chapter.
On Friday, China's foreign ministry stopped short of saying that
Beijing had given its final blessing and urged fair treatment of Chinese interests.
Has it fully approved?
The Chinese statements didn't necessarily mean that.
Well, I think I think so.