China Global Television Network broadcaster Liu Xin will engage in a live debate on the trade war between China and the United States on Fox Business Network on Thursday morning Beijing time at the invitation of Fox host Trish Regan. China Daily Li Yang comments:

In a harsh criticism of Beijing's trade policies, Trish Regan alleged China's intellectual property theft steals $600 billion from the US every year on her program on May 14. In her program on May 22, Liu responded that the figure of $600 billion is an estimate by a non-profit organization that has not been verified by any other party and refers to the US' possible IP loss to the world in a year, according to the organization's report.

Their scheduled debate will be the first of its kind between the two countries, and has attracted people's attention.

In their programs and personal exchanges on social media, the two broadcasters have clearly shown they have different understandings of the trade relations between China and the US.

Apparently, they will not change each other's points of views on the program. But the debate will provide the world, and the US public, with a chance to know more about China's stance, which has been overshadowed by the US' beggar-thy-neighbor policy on their trade frictions, thanks to powerful US media like Fox News.

But a bigger picture that should be borne in mind is that the trade war between the world's two largest economies — if it continues to escalate as the US administration seems intent on it doing — will deal a heavy blow to the world economy and force the global supply chain to be re-adjusted, which will come at the cost of all countries, including the US itself.

The zero-sum game mentality the US administration has long preached to sell its trade war plans is outdated and goes against the trend of the times.

Hopefully, Thursday's debate can help the US public understand there is another side to the coin.