Containment policy harms US economy

Washington's restrictive actions also seen to have negative effect globally

From tariffs to semiconductor export controls, the US government's restrictive policies to contain China's development will also hurt its own economy significantly, which is often overlooked in the debate, an economist has said.

"When we think about these kinds of tensions between the United States and China and all these restrictive measures, we tend to think about punishing or hurting China or slowing down its progress," said Yukon Huang, senior fellow at the Carnegie Endowment for International Peace and former World Bank country director for China.

"We don't actually realize it also has a significantly negative effect on the United States, and it has very significant effects globally in a negative way," he said at a recent webinar examining US-China economic relations.