Huang Gang, did you see that interview with the American economist recently? He said the US simply can't contain China.

Of course I followed it. This round of tariffs reached as high as 145%, but in the end, American car companies lost seven billion, and four trillion was wiped off the US stock market—the US ended up hurting itself first.

Exactly, and now US companies don't want to 'return' at all. The US keeps calling for supply chains to come back, but American companies in China aren’t leaving—instead, they're increasing investment.

There's no way around it—the industrial chain is globalized now. Trying to break it up by administrative means is just too costly. Even the chip blockade turned into a 'booster,' forcing Chinese companies to achieve technological breakthroughs.

And the US was also hit by countermeasures with rare metals—chips and missiles can't do without those materials. In the end, trying to choke China ended up hurting both sides.

Right, in fact, 'containment' just made China’s domestic and overseas markets more diverse. For example, new energy and auto companies now do business with Europe and Southeast Asia.

So do you think the US will keep pushing containment?

I think they'll keep talking about it, but in practice it'll happen less and less. After all, going against globalization only ends up hurting themselves. The truly smart approach is cooperation and win-win.