What experts say about China-US trade tension
By Yang Yang |
chinadaily.com.cn |
Updated: 2019-06-24 06:45
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Huang Qifan, vice-director of the China Center for International Economic Exchanges
No one wins in a trade war.
In the past few months the US barred many Chinese high-tech companies in core parts, chips and operation systems. This behavior will do harm to Chinese companies, but US companies will be hurt as well.
US companies have been serving Chinese consumers for a long time and the Chinese market accounts for 20-50 percent of its market share. If they lose the Chinese market, it is inevitable companies will lose money and go bankrupt.
The US government's behavior is against the trend of globalization and the tariffs it imposed on Chinese products will eventually be paid by US consumers and do harm to itself, China and the world economy.
