Chinese Economy hits a speed bump

THUNDER BAY – TECH – TikTok, the widely popular social media platform owned by Chinese company ByteDance, is currently facing potential shutdown threats in the United States.

The U.S. government’s concerns about national security and data privacy have put TikTok under intense scrutiny, leading to discussions about a possible ban.

Unlike in some countries where TikTok has already been banned, the platform remains operational in the U.S. for now, but its future is uncertain as ByteDance has refused to sell the company.

China’s Growing World Dominance

The Chinese company faces concerns from western democracies over a number of areas. Election interference is one, another is the growing efforts by China to dominate the world’s economy and in particular the world supply of gold.

Economic Impact on Influencers and Businesses

A U.S. shutdown of TikTok could have significant repercussions beyond its user base. Many social media influencers have carved out lucrative careers by creating content for the platform, attracting large …