BEIJING : This Dec. 21 story has been corrected to clarify that the ban was on the export of technology to make rare earth magnets and that the ban on technology to extract and separate critical materials was already in place, in paragraphs 1 and 6. It also removes context and the comment on rare earth processi
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.
Please do it. I really want to see the west try.