Trade war more harmful to US economy
A year and a half after the United States first imposed punitive tariffs on Chinese goods, it has become clear that the US has not achieved its goal of containing China's peaceful rise.
On Feb 7 this year, the US announced a development strategy entitled "America will dominate the industry of the future", saying it will take measures to dominate four major future industries - artificial intelligence (AI), advanced manufacturing, quantum information science and 5G technology. Among the four sectors, China is ahead of the US in 5G technology and on an equal level in AI.
According to National Bureau of Statistics data, China's GDP grew 6.3 percent in the first half of this year - which, despite being the lowest growth rate in 27 years, is comparatively high given the global economic downturn, and thus reflects the resilience of China's economy.
