A container ship of China's COSCO Shipping docks at a new container terminal of the Port of Long Beach in California, the US. File photo: Xinhua

Technology decoupling will result in a lose-lose and all-lose situation, Chinese Foreign Minister Qin Gang said at a press conference on the sidelines of the ongoing Two Sessions on Tuesday.

The Chinese Foreign Minister cited his personal exchanges with port workers at Port of Long Beach in Los Angeles, farmers in Iowa, and heads of universities during his tenure as the Chinese Ambassador to the US to bring home the point of the framework guiding China-US ties.

China-US relations should be guided by common interests, shared responsibilities and friendship between the two peoples, not US domestic politics and hysterical neo-McCarthyism, Qin said.

"The heads of universities told me that the progress of science and technology depends on international communication and exchange, and a technology decoupling will be lose-lose [for China and the US] and all-lose [for the world]," Qin told the press conference.

US-China trade reached a record high in 2022 despite bilateral tensions, years of escalating trade restrictions, and epidemic control measures in China, with US-China trade in goods increasing 5.2 percent to a record high of $690.6 billion, according to the US-China Business Council.

The Biden administration has scaled up its crackdown targeting China in recent months, adding an increasing number of Chinese high-tech companies onto its entity list. It has reportedly moved to cut all exports to Chinese telecommunication giant Huawei, and is reportedly moving toward placing curbs on US companies investing in China's tech sector. 

On the international stage, the US came up with small clique such as Chip 4 alliance to rope in its allies to threaten China's semiconductor supplies. 

The US' so-called competition with China is in fact all-round suppression and containment, a zero-sum game where one lives and the other dies, the Chinese Foreign Minister remarked.

Like a dishonest runner in an Olympic race, the US doesn't want to do its best but wants to trip its rival or even make the other run in the Paralympics. "This is not fair but absolute foul play!" Qin said.

Qin criticized the US' so-call Indo-Pacific strategy as bloc politics trying to isolate and contain China, while promoting decoupling in the region at the cost of regional integration. 

While the US government continues to push its crackdown measures on China's chip industry and offered "bait" to companies that are willing to disconnect themselves from the mainland market, industry giants are growingly increasingly vocal in their opposition.

The US Semiconductor Industry Association last week said the access to global markets and supply chains is integral to the future success of the US semiconductor industry and stressed that "the new fabs and jobs created with the spur from the US CHIPS Act will need greater access to global markets top financially viable."