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WHAT A US BAN ON WECHAT COULD MEAN FOR AMERICAN FIRMS? PRESIDENT DONALD TRUMP HAS BANNING WE CHAT IN THE US ,CLAMING THAT THE CHINESE APP POSES A NATIONAL SECURITY RISK . THE BAN WOULD PROHIBIT US CITIZENS AND FIRMS FROM MAKING "ANY TRANSACTION RELATED TO WE CHAT " BUT WHTA EFFECT COULD THIS HAVE ON AMERICAN COMPANIESDOING BUSINESS IN CHINA? THE BBC‘S ROBIN BRANT IN SHANGHAI EXPLAINS FROM VIDEO: In this app most of you won"t know much about ,but here in China and for chinese across the world .WeChat is ...in your hand .The genius of WeChat is it's the app that you just never leave.You wake up in the morning ,you start messaging,you order some food maybe you arrange a taxi,you pay some bills ,you show your covid health code .Now notice much of that involves spending money . President Trump wants to ban WeChat in America,but could that move actually damage US firms more than the intended Chinese targets?Here's the legal bit .President Trumo is proposing a ban on any transactions with WeChat by people or firms in the US or under US jurisdictions .Now that could be really bad news for ... Chicken...This type of Chiken in particular .KFC YUM China ownsKFC here and it absolutely dominates the fast foof market more than 5000 restaurants in over a thousand cities from Tiananmen Square to Tibet .Now YUM China wouldn't speak to us officially. But i've been talking to some business figures who are dealing with them and i'm told that they fear a WeChat ban could pose an"existential threat "to the business.That's because YUM China is a US listed company and WeChat accounts for...you've gussed it A big bite of their sales America's sport behemoths major league baseball and the NBA,they could have a problem as well.Both are iconic US entities both are here shifting merchandise at bricks and mortar stores.But WeChat is not just a crucial marketing platform for them .It's a big part of sales too.Then there is a whole swathe of other companies from the small Callifornia based ice cream importer i spoke to and big players like Fedex ,who have to work out if and how this is going to impact them.Is it really an attempt to get them better market access here in China?Or is it more likely as one Americas operating here.Play pal has edged into the vast Chinese market ,through some tie ups and also some acquisitions .It's been very gradual though.But could any ban against WeChat actually force the band of the Chinese goverment here to open up more American companies?In a market that's dominated at the moment by two Chinese .In a market that's dominated at the moment by two Chinese firms .One of which is ....you've been guessed it WeChat. 词： firm n.商行公司 adj.坚定的 adv.坚信 v 使坚定，使牢固 pose vt.姿态，造成 vi.使造成 pose a threat 构成威胁 poses 唱片 prohibited vt.阻止，不准 across the world 全世界 genius n.天才 精神 天赋 intended 意在... the legal bit 法律条款 jurisdiction 权限权力 dominate 控制主导支配 officially 正式的官方的 behemoths 巨兽 league 联盟 iconic 偶像的 merchandise 转移更替、变化 bricks and mortar atores 实体店 crucial adj.决定的重要的 n.商品 vt.买卖 vi.经商 platform 平台 swathe 包裹 importer 进口商、输入者 impact 影响、效果 figure 数字、人物、计算 vast 广阔的 acquisition 兼并获得 |
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