Business Brief (May 8): TikTok Thailand Expansion Approved

Published: May. 8, 2026 6:00 p.m. GMT+8

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Li Qiang meets U.S. congressional delegation

Premier Li Qiang met with a U.S. congressional delegation on May 7, stating that mutual respect, peaceful coexistence and win-win cooperation is the right way for the two countries to engage with each other. He urged Washington to seek dialogue rather than confrontation. Li emphasized that the Taiwan issue concerns China’s core interests and is the foremost red line in Sino-U.S. relations, calling on the U.S. Congress to handle China-related matters prudently.

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Li Qiang urges US dialogue, mutual respect; Taiwan as red line in meeting with congressional delegation.
Commerce Ministry condemns EU ban on funding for Chinese inverters; Australia imposes duties on Chinese steel imports.
Brazil offers Chinese citizens visa-free entry from May 11 (30 days); TikTok approved $25B Thailand data center; JD.com gets asset license.

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