Core Points - The core development is the agreement reached between China and the U.S. regarding TikTok's operations in the U.S., which includes a framework for data security and investment barriers [1][3][10] Group 1: Agreement Details - The framework agreement allows for the establishment of a U.S. joint venture for TikTok's data security operations, with ByteDance retaining the largest single shareholder position [3][9] - TikTok's U.S. data security company (USDS) will be responsible for user data storage, content security, and software checks, while ByteDance will continue to operate its commercial activities through its U.S. subsidiary [3][4][10] - The algorithm remains owned by ByteDance, which will grant USDS the usage rights, subject to approval from the Chinese Ministry of Commerce [5][6][9] Group 2: Implications and Future Outlook - The agreement is seen as a recognition of TikTok's existing business model in the U.S. and aims to balance national security concerns with corporate interests [9][10] - The TikTok framework may serve as a model for other Chinese companies navigating geopolitical challenges, potentially influencing cross-border data governance practices globally [10]

【文/ 沈逸】 中美两国代表团于2025年9月14日至15日在西班牙马德里举行了经贸会谈，双方就TikTok运营、减少投资障碍等达成基本框架共识。9月19日晚，国家主席习 近平同美国总统特朗普通电话，就当前中美关系和共同关心的问题坦诚深入交换意见，就下阶段中美关系稳定发展作出战略指引。 中方领导人表示，中方在TikTok问题上的立场是清楚的，中国政府尊重企业意愿，乐见企业在符合市场规则基础上做好商业谈判，达成符合中国法律法规、 利益平衡的解决方案。希望美方为中国企业到美国投资提供开放、公平、非歧视的营商环境。美方领导人表示，美方希望促进两国经贸合作，将支持双方团 队磋商，妥善解决TikTok问题。 9月19日晚间，中美两国元首通话后，字节跳动发布公告表示：将按照中国法律要求推进相关工作，让TikTok美国公司继续服务好广大美国用户。 从上述发展脉络可以清晰地看出，中美两国在马德里会谈达成的TikTok美国相关框架协议，已经得到最高层确认，进入具体的签约准备和审批及执行阶段。 在这个阶段，由于中美双方都没有披露具体的方案条款，关于TikTok美国业务的一些关键细节，比如股权分配、算法究竟由谁控制等问题，在媒体和 ...

Core Insights - The opening of the first cross-border data corridor "E Data Express" in the capital highlights the growing importance of cross-border data flow governance in the rapidly developing digital economy [1] - Data flow is identified as a fundamental and strategic resource in the digital age, with an average profit growth contribution of 10% across industries, and up to 32% in sectors like digital platforms and finance [1] - The Ministry of Commerce's report indicates that a 10% increase in data flow can lead to a 0.2% GDP growth, with global contributions from data flow expected to reach $11 trillion by 2025 [1] Summary by Sections Cross-Border Data Flow Governance - The establishment of a high-efficiency and secure mechanism for cross-border data flow is emphasized, ensuring the protection of important data and personal information [1] - Current legal frameworks for data protection and cross-border flow in China are noted to be largely established, but there are still gaps in the governance system [2] International Cooperation and Rule-Making - China actively participates in the formulation of international rules for cross-border data flow, showcasing its major country stance through initiatives like the "Global Data Security Initiative" and "Global AI Governance Initiative" [2] - Bilateral agreements, such as the memorandum with Germany on data flow cooperation, and discussions with Singapore on common standards, are part of China's strategy to enhance international collaboration [2] Legislative and Institutional Improvements - Recommendations include improving domestic legislation to fill legal gaps and ensure alignment with the digital economy's development [3] - The need for a comprehensive legal system that integrates existing laws and addresses the latest demands in international digital trade governance is highlighted [3] Enhancing International Collaboration - Strengthening cooperation with Asia-Pacific countries in e-commerce and new digital business models is crucial for expanding the governance of cross-border data flow [4] - Establishing a dialogue platform for data governance among countries and exploring cooperation mechanisms in specific areas like electronic bills and invoices are suggested [4]