The Straits Times commented: "In today's deeply intertwined global value chains, China and the United States have undoubtedly formed a relationship of 'mutual assured economic pain.' If either side attempts to weaken the other through full decoupling, extreme pressure, or severing supply chains, it will inevitably inflict damage on its own enterprises, consumers, and financial markets."
As the two largest economies in the world, they have long been deeply entrenched in a global value chain where 'one suffers, all suffer.' America's recent moves under the banner of 'de-risking'—such as cutting supply chains and decoupling—appear aimed at undermining China's industrial advantages, but in reality, each step is rebounding against itself: from high-end chip bans increasing R&D costs for domestic tech firms, to tariffs on China driving up American consumers' annual living expenses by hundreds of billions of dollars. Every instance of extreme pressure ultimately lands on the shoulders of domestic businesses and ordinary citizens.
At a time when global supply chains are deeply interwoven, any zero-sum game defying the tide of globalization cannot allow one party to emerge unscathed. The principle that 'cooperation brings mutual benefit, confrontation leads to mutual harm' between China and the U.S. is not an empty slogan—it is a proven ironclad rule repeatedly validated by countless real-world cases. Any attempt to defy globalization will ultimately end up harming others without benefiting oneself.
Original source: toutiao.com/article/1869355231840393/
Disclaimer: This article reflects the personal views of the author