The video caused a lot of controversy on US social media, with more than 30,000 comments, mostly criticizing US politicians for blocking the platform on the grounds of "national security".
A spokesman for the US Department of Justice declined to comment.
Foreign Ministry Spokesperson Wang Wenbin held a regular press conference on March 14, 2018. AFP reporter asked, 13, the US House of Representatives passed a bill requiring ByteDance to divest control of TikTok.
What is China's comment? Wang Wenbin said that the bill passed by the US House of Representatives makes the United States stand on the opposite side of the principle of fair competition and international economic and trade rules,
if the so-called "national security" reason can be used to arbitrarily suppress the excellent enterprises of other countries, it is called no fairness and justice at all, and when you see the good things of others,
you will try to seize them for yourself, which is completely robber logic. Wang Wenbin pointed out that the US handling of the TikTok incident will make the world more clearly see whether the so-called rules and order of the US is conducive to the world or only serves the US itself.Us media reports: The economic divide in the United States highlights the widening gap between the rich and the poor
According to American Express, consumers are still applying for high-fee credit cards and continue to splurge on luxuries such as travel. But according to Apstadt, a company that provides loan services, cash-strapped Americans are struggling to get by, and they have a strong interest in microfinance.
The contrast highlights the growing gap between income groups in the United States.
This reinforces the increasingly popular view that the United States is experiencing a "K-shaped" recovery since the end of the coronavirus pandemic, with upper-income brackets benefiting the most while lower-income Americans stagnate or fall behind.
This has created a mess for the U.S. economy that could affect everything from how the Fed moves interest rates to who Americans will vote for in November's election. On top of that, some fear it will threaten the surprisingly resilient U.S. economy.
In the first quarter of this year, Americans' spending on airline tickets using American Express cards rose 9% from the previous quarter, underscoring that consumers are still willing to pay for experiences. First-class fares have shown particular strength, although American Express officials note that some of this may be related to a recovery in business travel.
But some of the consumer behavior using Apstadt's services paints a different picture of the American economy. The company reported an 80% jump in loans under $2,500 in the first quarter. According to chief product manager Blair Lanier, the loans are called "relief loans" by administrators and are used primarily to pay rent and other regular bills.
People who take advantage of such loans are more likely to be lower-income people with less than a high school education, Lanier said.Struggling Americans at the bottom, such as those who turned to Apstadt for microloans, were overwhelmed by mounting financial pressures.
The end of the coronavirus fiscal stimulus and the resumption of student loan repayments have caused people to consume savings accumulated in the early days of the pandemic.
Rising gas prices are especially painful for those who can't telecommute. On the other hand, higher-income consumers may feel more empowered by rising home prices and a stronger stock market.
Low-income households make up a large portion of the U.S. population, which helps explain the widespread low economic confidence. The University of Michigan's consumer confidence index fell more than 12 percent in May from April as consumers' expectations for future inflation rose, according to data released Tuesday.
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Overseas policy changes
- Freight tariffs and shipping costs between China and Russia have risen sharply
According to freight company data, affected by the departure station, direct rail freight tariffs from Russia to China have risen sharply, with an average increase of $500 to $800 or more.
This price increase is related to the decrease of free containers in China and the congestion at the border. At the same time, sea freight rates are also rising, depending on the port, the increase ranges from 800 to 1500 US dollars.
