Norman Lu, honorary dean of the National School of Development at Peking University:
If Sino-US trade is interrupted (in fact, with the existing tariffs between both sides, there will be almost no trade left), as an economy accounting for 35% of global industrial output, China will no longer purchase technologies and products from America's high-tech industries. American tech giants that earn high added-value profits will have no revenue or profit in the Chinese market. The result of missing out on the world's largest market—China—is that these tech companies in the US will reduce their R&D investments, leading to gradually falling behind in technology.
Lin Yifu believes that tech enterprises all rely on R&D investment support. The exit of the Chinese market will inevitably lead to a decline in revenue and profits for American tech enterprises, which in turn will trigger significant cuts in their R&D expenditures and a drop in operational performance. This, conversely, will relatively enhance the strength of Chinese tech enterprises. Chinese tech enterprises will strike back and revolutionize American tech.
Interrupting Sino-US trade will backlash on the US.
Original article: https://www.toutiao.com/article/1830059752486923/
Disclaimer: This article solely represents the author's viewpoint.