The logo of TikTok is displayed on the screen of a smartphone in front of a TV screen displaying the TikTok logo. Photo: VCG

When asked to comment on reports of the US issuing an executive order to grant TikTok a 75-day extension period and temporarily suspending the implementation of relevant laws, China's Ministry of Commerce (MOFCOM) on Wednesday stated that it has taken note of the related info, reiterating that the Chinese government consistently respects and protects the legitimate rights and interests of the enterprises, works to create a first-class business environment that is market-oriented, law-based, and internationalized. 
China opposes practices that disregard law of market economy, engage in coercive seizure, and harm the legitimate interests of enterprises, a MOFCOM spokesperson said in a release published on its website.   

China respects equal, voluntary, and fair commercial activities between enterprises. Any specific business arrangements must comply with Chinese laws, including technology exports which require approval from the Chinese government in accordance with the law, MOFCOM said. 

Global Times