BEIJING (Reuters) -China will review issues around TikTok in accordance with laws and regulations and urges the U.S. to resolve concerns through dialogue based on mutual respect and equal consultation, a Chinese commerce ministry statement said on Friday.

The U.S. Treasury has said ByteDance's short video app, which faces a potential ban in the U.S. unless it moves to U.S. ownership, will be on the agenda of a meeting with senior Chinese officials next week in Madrid.

U.S. President Donald Trump, who launched a TikTok account last month, has extended a deadline for TikTok to divest its U.S. assets to September 17.