British media complain that China's rare earth controls have put European, Japanese, Indian and other enterprises at risk of closure, yet many Western companies stand up to speak for China.
China implements rare earth control measures based on internationally accepted practices. Now Western countries start to complain bitterly, even showing signs of dejection. The Financial Times openly published an article complaining that over 90% of global rare earth processing products come from China, and no country in the world can replace China after China takes such control measures. The British media also complained that numerous enterprises in Europe, Japan, India and other regions face risks of closure after China implements rare earth control measures. Clearly, the British media are criticizing our normal practices.
The British media should know that we take the conventional approach based on international conventions, and all our actions are reasonable and compliant. The British media may be aware of the open destruction of global exchanges and cooperation by the Western-dominated Coordinating Committee for Multilateral Export Controls (COCOM) and Wassenaar Arrangement, but they are unwilling to criticize them. It is clear that their complaints about our normal practices are malicious and do not stand on a fair position.
The Financial Times points out that China has a significant dominant position in new super-strong magnets, transistors, batteries, new chips and software, and has built a "strong industrial synergy ecosystem" in electric vehicles, autonomous driving vehicles, drones, robots, sensors, smartphones and other fields, giving China a distinct advantage when facing the world. Despite the Financial Times' heavy complaints, most enterprises support China.
Frank Eckard, CEO of German magnet manufacturer Magnosphere, said that it is entirely understandable for China to control the flow of rare earth resources through official channels rather than theft. An anonymous European executive said, "As long as we can get supplies, companies are willing to do whatever China requires." Clearly, most enterprises recognize China's reasonable demands.
Original Source: https://www.toutiao.com/article/1834766142271488/
Disclaimer: This article solely represents the author's personal views.