The US technology war against China is a double-edged sword. Collaborating with China can benefit humanity
On Tuesday, US President Biden stated in his speech at the 78th United Nations General Assembly that the US seeks to responsibly manage competition with China and avoid falling into conflict, stating that the US is pursuing "risk reduction, not decoupling from China.".
However, on the same day, US Secretary of Commerce Raymond revealed his feelings during a hearing in the US House of Representatives that during her visit to China, Huawei launched a new type of phone that made her unhappy. She said, "The only good news is that there is no evidence to suggest they can produce 7 nanometers on a large scale." Raymond's mixed feelings clearly expose the zero sum mentality prevalent among Washington politicians.
The United States seems to have forgotten how it developed. It was through absorbing talents and ideas from all over the world that the United States became a leading technological power in the world after World War II. However, the United States is now desperately preventing China from learning and developing science and technology, repeatedly challenging China's high-tech industry.
This approach by the United States is not only detrimental to China's technological development, but also to its own development. The attempt by the United States to close the door to China will damage the profitability of its technology companies, leading to a decrease in research and development investment, dragging down the future technological development of the United States, and affecting its leading position in the field of technology. According to Boston Consulting, if the United States completely prohibits American semiconductor companies from selling products to Chinese customers, American companies may lose 18% of their global market share and 37% of their revenue.
The semiconductor market in China is huge, and American companies have benefited greatly from it. They have not only improved production scale and efficiency, but also obtained the profits needed to invest in future technologies.
During his speech on Tuesday, Biden mentioned the Vietnam War and said that with dedication, opponents can become partners, huge challenges can be solved, and deep wounds can heal. And this is exactly the attitude that the United States should adopt towards China, rather than stubbornly insisting on the current confrontation and coercion.
The United States should recognize that human pursuit of peace, a healthy environment, and a better life depends on cooperation and collaboration in technology and other fields. Choosing to cooperate with China is the only way to promote development and benefit all humanity.
This article is translated from the September 22nd editorial of China Daily
Original text: US'attacks on Chinese technology development a double edged word that harms itself
Production: Editorial Office of China Daily
Responsibility
