Views on the impact of China-US trade frictions
chinadaily.com.cn |
Updated: 2019-05-22 06:40
Share
Share - WeChat
It is heartening to note that there is a circular argument underway. When the US blocks Huawei, it also blocks its own export of chips to China, which in turn has kept chip prices down. So it was never a zero-sum game to begin with.
Research by the GSMA suggests that the onset of 5G can conservatively increase global GDP by $565 billion and $152 billion in tax revenue by 2034, producing 25 percent of the value created by millimeter-wave spectrum. I don't see why the US should frustrate potential global growth prospects in these areas except to protect the failure of its own corporate sector to influence the process.
