Sino-US trade conflict will have no winners

Editor's Note: The trade friction between China and the United States intensified after Washington barred Huawei and its affiliates from buying US technology without government approval due to so-called security concerns, and increased tariffs on $200 billion worth of Chinese imports earlier this month. Here China Daily presents a collection of views on the impact of the trade friction.

1.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.