China bans export of rare earths processing tech over national security
China bans export of rare earths processing tech over national security
BEIJING :China, the world's top processor of rare earths, banned the export of technology to extract and separate the critical materials on Thursday, the country's latest step to protect its dominance over several strategic metals.Rare earths are a group of 17 metals used to make magnets that turn p...
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Hey! You aren't allowed to do that! Only America is allowed to ban exports because of national security.
107 25 ReplyKinda sad how much more we need China than they need us
9 24 ReplyWe all need each other tbh
39 7 ReplyPpf, in what sense? china can't even feed themselves.
3 11 ReplyYeah stop using them to manufacture goods sold in the West, see how well they fare...
7 15 ReplyUhh then they have more resources? And we have less affordable goods.
14 2 ReplyThe modern Chinese economy is very dependent on trade with the West and other East Asian nations that are generally more favorable of the west.
Those resources aren't shit if they can't make them into shit others will buy.
12 7 ReplyThat’s not really true. Much of China’s economic growth in recent years has been driven by internal demand and not foreign investment.
3 2 Reply
Yes congrats on proving that economics really is a zero-sum game and every econ professor has been wrong this whole time.
4 2 Reply
Please do it. I really want to see the west try.
7 0 Reply