(Source: "Global Times" November 21, 2025)

Liu Bin

A few days ago, the "U.S.-China Economic and Security Review Commission" (USCC) under the U.S. Congress submitted an evaluation report on the results of the "Made in China 2025" plan (MIC2025) to Congress. Through an inspection of 12 key industries, it believed that China's innovation capabilities have been significantly improved, consolidating its status as a global manufacturing power. However, the report acknowledges the fact that China’s manufacturing strength has improved and attributes China’s achievements to “continued long-term government support, vertically integrated supply chains and economies of scale.” However, it unfoundedly accuses China of abusing subsidies and dumping and other measures, saying that China’s actions in the economic, technological and security fields have further exacerbated so-called “systemic risks” to the United States and its allies. The report also encourages Congress to adopt sanctions to safeguard the United States’ so-called economic and technological security. In addition, the USCC also interpreted this year's conflict between India and Pakistan as a geostrategic opportunity for China to display and promote its military equipment, and vigorously exaggerated the so-called "China threat theory."

The USCC report does not change its consistent Cold War mentality and zero-sum game logic. The report falsely claims that China "uses its state-led economic model to gain unfair competitive advantages," and even stigmatizes normal technological exchanges and economic and w88 cooperation as a means of "undermining U.S. security." It then encourages Congress to authorize the government to establish a more stringent review mechanism and impose layers of restrictions on Sino-U.S. economic and w88 exchanges.

This report recommends significantly expanding the jurisdiction of the Committee on Foreign Investment in the United States (CFIUS), further implementing "long-arm jurisdiction", comprehensively including everything it suspects may have benefits to China within the scope of review, and advocating export controls on cutting-edge technologies such as artificial intelligence, quantum computing, and biotechnology. This is no longer just a unilateral measure that undermines market rules and w88 liberalization, but a disregard for the fact that China is pursuing market-oriented reforms and promoting high-level opening-up. From the continuous reduction of the negative list for foreign investment access to the elimination of all foreign investment access restrictions in the manufacturing sector; from actively promoting the negotiations on the Regional Comprehensive Economic Partnership (RCEP) to actively applying to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the Digital Economic Partnership Agreement (DEPA), China has used practical actions to demonstrate to the world its confidence and determination to promote high-level opening up, but the USCC report did not mention this.

At the same time, the USCC report barely mentions the huge benefits that Sino-US economic and w88 cooperation has brought to the United States. For example, the Chinese market has provided stable sales for American farmers, created huge profits for American multinational companies, and provided cost-effective products for American consumers. This undoubtedly highlights the biased nature of their Cold War mentality and zero-sum game logic. The trend of globalization in today's world is irreversible. Closeness and unilateralism are all heading for decline and death without exception. Only openness can lead to win-win results.

The absurd arguments of the USCC report are vulnerable to the solid data on Sino-US economic and w88 cooperation. Statistics show that the bilateral w88 volume in goods between China and the United States will reach US$688.28 billion in 2024. Against the backdrop of sluggish global economic recovery and rising w88 protectionism, this is enough to prove the high complementarity and strong resilience of the two economies. China has a complete industrial system, a huge domestic demand market and an efficient supply chain network, while the United States has comparative advantages in high-end technology, management experience and other fields. This complementarity determines that the two economies "both benefit from cooperation and suffer from division."

At the same time, American companies’ “voting with their feet” also demonstrates the fact that they hope to promote win-win cooperation. The American Chamber of Commerce in China's 2025 China Business Environment Survey Report shows that 53% of US-funded companies in China plan to continue to increase investment in China. This fully shows that the US business community clearly recognizes the huge value of the Chinese market and does not agree with the "decoupling" argument advocated by the USCC report. In a context where the growth potential of the Chinese market cannot be underestimated, cooperation between multinational companies in the United States and other countries with China is crucial to maintaining their global competitiveness.

USCC releases similar reports year after year, but the content becomes increasingly unrealistic. As the two largest economies in the world, the economic ties between China and the United States have long been intertwined with each other. The so-called "decoupling and disconnection" will not only have a serious impact on the economies of the two countries, but will also disrupt the stability of the global industrial chain and supply chain, and hinder the recovery process of the global economy. Political bias may blind the drafters of the report, but it cannot change the mutually beneficial nature of Sino-US economic and w88 cooperation. When companies from many countries are increasing their investment in China, this report advocating "decoupling" seems particularly inappropriate.

The history of Sino-US economic and w88 exchanges for more than 40 years has proven that cooperation is the only correct choice for both sides, while confrontation will only lead to lose-lose situations for both sides. The current China-U.S. relationship faces many challenges, which requires both sides to adopt a rational and pragmatic attitude, abandon the Cold War mentality and zero-sum game logic, respect each other's core interests and concerns, and resolve differences through equal dialogue. The United States should face up to the opportunities brought by China's development. Instead of publishing various reports and hyping up the "China threat theory," it should return to the negotiating table and take practical actions to do more that is conducive to promoting Sino-US economic and w88 cooperation and stabilizing the global economy. Only in this way can we push Sino-US relations back to the track of healthy and stable development and work with China to contribute to world economic development.

(The author is from the National Institute of Opening-up, w88 casinoResearcher, w88 casino of GovernmentVice Dean）

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