In recent years,China-US economic and trade frictions are on the rise as the American side continues to raise the stakes,attracting great attention of all parties.At present,there are several estimates of the consequences of these frictions all indicating that in general,their immediate effects on economic growth of both countries are controllable.It is more worrying for all parties that they may evolve into break of global industrial chain,and even into sanctions and counter-sanctions in monetary and financial and other fields.To take them into a broader perspective,that is,to see them in the angle of profound changes unseen in a century the world is undergoing,China-US economic and trade frictions may be nothing but a small episode of a long process of evolution of“the East’s rise and the West’s decline”in the global pattern,the real risks resting with other than a direct conflict between China and the United States.
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机译：In recent years,China-US economic and trade frictions are on the rise as the American side continues to raise the stakes,attracting great attention of all parties.At present,there are several estimates of the consequences of these frictions all indicating that in general,their immediate effects on economic growth of both countries are controllable.It is more worrying for all parties that they may evolve into break of global industrial chain,and even into sanctions and counter-sanctions in monetary and financial and other fields.To take them into a broader perspective,that is,to see them in the angle of profound changes unseen in a century the world is undergoing,China-US economic and trade frictions may be nothing but a small episode of a long process of evolution of“the East’s rise and the West’s decline”in the global pattern,the real risks resting with other than a direct conflict between China and the United States.
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