China has approved the transfer agreement for the short video app TikTok, US Treasury Secretary Scott Bessent said on Thursday, adding that he expects it to move forward in the coming weeks and months but gave no further details.

“In Kuala Lumpur, we finalised the TikTok agreement in terms of getting Chinese approval, and I would expect that would go forward in the coming weeks and months, and we’ll finally see a resolution to that,” Bessent told Fox Business Network following President Donald Trump’s meeting with Chinese leader Xi Jinping.

China’s Commerce Ministry said in a statement earlier on Thursday that it would “properly handle TikTok-related issues with the United States.”

TikTok, which is owned by China-based ByteDance, did not immediately comment.

The fate of the app, used b

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