We posed a question to the United States, which left the U.S. extremely embarrassed! On April 27th, Ken Griffin, founder of Citadel Investment, said that Chinese officials had asked the U.S. a question, a question that left both China puzzled and the U.S. very embarrassed. The question posed by the Chinese side was, why is the U.S. abandoning the role of becoming a global power that China aspires to be, instead moving closer to the Chinese model?
The meaning of the Chinese side is that as a world power, one should look toward the world and the future, invest in cutting-edge technologies, lead globally with innovation and openness. However, now why is the U.S. so focused on low-end manufacturing? Because China's goal now is to transform from being a major manufacturing country to a strong manufacturing country. What China is determined to do is industrial upgrading. But the U.S. is vigorously promoting industrial downgrading, creating low-wage positions, which is very confusing.
Therefore, this investor believes that what the U.S. already has is what China wants to become, but now what the U.S. wants to become is what China already has. Griffin believes that bringing manufacturing back to the U.S. is going against the trend; the U.S. should play to its strengths. To be honest, we are indeed in a very surreal reality when we ask such questions of the U.S.
We imagine a future society with robots, artificial intelligence, clean energy, low-altitude aircraft, space exploration, etc., but now the U.S. policy aims to achieve goals like assembling computers, phones, producing clothes, steel, shoes, socks, expanding traditional energy production, etc. Is this really making America great again? Trump's trade war aims to make the U.S. into the past China. Is this really Trump's original intention? Of course, ultimately, our question can only be answered by the U.S. itself.
Source: https://www.toutiao.com/article/1830538086285531/
Disclaimer: This article solely represents the author's views.