And reason | The US's technology war against China is equivalent to wielding a knife to self destruct and reason | The US
US Treasury Secretary Yellen publicly denies that the United States wants to "decouple" from China, and US National Security Advisor Sullivan recently declared in a speech at the Aspen Security Forum that Washington is eager to establish a "stable" relationship with China.
The words are very eloquent, but in action, Washington is doing everything in its power to hinder China's technological progress, ignoring Beijing's call for bilateral relations to return to a healthy track. Rhetorically speaking, "de risk" is not as confrontational as "decoupling", but it does not prevent Washington from continuing its technological war. However, practice has proven that this tactic is not only impractical, but also counterproductive and counterproductive.
The US insists on establishing normal and stable relations with China based on international rules and fair competition, but since the Trump administration, the US has viewed China as a "rival" and launched a trade war. After the Biden administration took office, it not only continued to impose sanctions and export control measures, but also planned to further restrict the export of advanced chips to China.
Cutting off economic and trade relations between the world's first and second largest economies would be painful for both sides, and in the long run, it would be detrimental to the United States. This is exactly what the US business community has told its policymakers. CEOs of American chip companies met with officials in Washington on July 17th, demanding that the US government study the impact of export controls on China and refrain from taking new measures to avoid weakening the US's leading position in the industry.
They believe that such restrictions will not only not slow down China's technological progress, but also weaken the influence of American companies in the Chinese market, thereby having a negative impact on research and development funds. In fact, the Chinese market is very important for large American companies, and over 60% of Qualcomm's revenue comes from the Chinese region. It can be said that the US government forcing chip companies to "decouple and disconnect" from China is actually self destructive and "cutting off their arms". As the CEOs of American chip companies have said, the Chinese market is not only crucial for their overall operations, but also for their global competitiveness.
Currently, China is actively expanding high-level opening up and attracting more international investment. Washington should see the situation clearly, stop suppressing and persecuting Chinese technology companies, and create a favorable environment for Sino US economic and trade cooperation.
This article is translated from the July 24th editorial of China Daily
The original Washington bringing run to US technology, received by false promise of advancement
Production: Editorial Office of China Daily
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