January 30, 2023

Wall Street Is Hopeful About China. Washington Is Getting Tougher.

While investors have become more upbeat about China’s near-term prospects as the country reopens after three years of strict Covid restrictions, Congress and the Biden Administration are still moving toward increased restrictions on China.

House Republicans, for example, have stepped up scrutiny of video-sharing app TikTok, owned by China’s ByteDance, amid concerns U.S. user data could be collected by China, and how China could influence U.S. teens and other users through TikTok’s content.

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