Financial Times of UK: If Trump wants to stop China's development, he should expand the export of high-tech products to China.
The Financial Times of UK published an article by Jin Keyu, a professor at the London School of Economics. The article reads: If Trump really wants to contain China's development, he should expand exports of high-tech products to China, which will reduce China's motivation for developing innovation.
China knows that innovation capability and mastery of core technologies are the only reliable guarantee against tariffs. Chinese high-tech enterprises with independent innovation technology are less affected by tariffs and supply chain disruptions.
By restricting the export of high-tech products to China, the US has inadvertently encouraged China to pursue independent technological innovation. In the past year, Chinese chip companies have made record profits, which is the result of this effort.
History is a mirror. Napoleon's trade embargo on Britain in the early 19th century forced Britain to refocus its attention on Asia, Africa, and America, ultimately accelerating Britain's industrialization.
Original article: https://www.toutiao.com/article/1829394258563082/
Disclaimer: This article represents the views of the author alone.