Overseas media widely forwarded ＂International Sharp Review： The United States will lose five major potential benefits by launching a trade war＂.

　　Cctv news: On July 8th, CCTV’s "International Sharp Review" broadcast a commentary entitled "The United States will lose five major potential benefits in launching a trade war", which was reprinted by many overseas media.

　　July 8-9, French LCF Radio Facebook account, Spanish Radio International website, Spanish Huaxia Voice Broadcasting WeChat subscription number, Italian Milan FM89.8 Radio website, Portuguese Iberian Media Group APP, Portuguese Lisbon Rainbow FM website, Brazil Rio Headline China Radio Website, Brazil Sao Paulo World China Radio Website, Turkish Economic Observer Network, Kazakhstan’s "Business News" official website, Jordan Global Radio Facebook account, Facebook account of FM102.9 radio station in Dakar, Senegal, Chinese PT portal, Chinese headline APP, Portuguese new newspaper APP (Facebook account, Twitter account), American International Daily, Nordic Times, Australian ACMEDIA, European Union Chinese website, West Africa online website, Japanese Chinese business network and many other overseas media have reprinted it. On July 9, Hong Kong Ta Kung Pao and Wen Wei Po also published this comment. The main reports are as follows:

　　China Central Radio and Television General Station published a commentary entitled "The United States will lose five major potential benefits when launching a trade war". The article pointed out that since March this year, the trade conflict between China and the United States has been ups and downs, and the Sino-US "trade war" has been shrouded, which has brought many uncertain risks to Sino-US relations and even the world economy. Once the trade war breaks out, both China and the United States will lose both sides, and they will lose huge benefits from five aspects. To think about the problem in a different way, if the two sides can turn hostilities into friendship, they may be able to create a "miracle" in the history of world trade through their joint efforts.

　　The article said that the United States will lose five major potential benefits by launching a trade war. First, it will deprive China and the United States of broad space for future cooperation. If the two countries continue to struggle with the traditional trade deficit and refuse to look forward and far, the prospect of promoting closer cooperation and integration between China and the United States will not exist. Second, it will make China and the United States lose the great benefits brought by the division of labor in the global industrial chain. Third, it will make the world lose the great historical opportunity of economic recovery and warming. According to the research of relevant institutions, if the trade conflict between China and the United States cannot be solved well, its impact will spread all over the world, and world trade will even drop by 40%. Fourth, it will make the international order and international rules formed over the years lose authority and binding, which will lead to chaos in the world economy. Fifth, the most important thing is that the United States will lose China’s huge market dividend. China’s market is developing rapidly. In 2017, the size of China’s market is equal to that of the United States, and China will soon become the largest market in the world. In the next five years, China’s import volume will increase by 10 trillion US dollars. The Sino-US trade war will make the United States lose China’s huge market dividend.

　　The article points out that if the United States can change its thinking, China and the United States can create a new "miracle" from five aspects. First, relax American exports of high-tech products. This alone can increase China’s imports by $100 billion. Second, jointly promote the digital economy. Third, we should accelerate the BIT negotiations. Fourth, strengthen cooperation in the Belt and Road Initiative. Fifth, promote the FTA between China and the United States. According to the research conclusion of Peterson Institute, the two sides can increase the trade volume by 500 billion US dollars.