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 power into
Hey! You aren’t allowed to do that! Only America is allowed to ban exports because of national security.
Kinda sad how much more we need China than they need us
We all need each other tbh
Yeah stop using them to manufacture goods sold in the West, see how well they fare…
Uhh then they have more resources? And we have less affordable goods.
The 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.
That’s not really true. Much of China’s economic growth in recent years has been driven by internal demand and not foreign investment.
Yes congrats on proving that economics really is a zero-sum game and every econ professor has been wrong this whole time.