New York Times Chinese Website reported today (September 22): "China's move to control the export of powerful rare earth magnets has made the efforts of various countries to develop alternatives more urgent. However, it is not easy for other countries to catch up quickly after China has gained a significant lead through massive investments over the past three decades... One of the reasons why China leads the world in magnet technology is that it almost completely controls the refining process of rare earth ore. The vast majority of rare earth refining equipment is manufactured in China, and China has begun to restrict the export of such equipment."
[Witty] Comment: The United States initiated the conflict first, imposing restrictions and blockades on China, but now it is jumping at China's countermeasures, which is absurd. China is simply using the same methods against the United States, reasonably using rules to protect its own interests. The United States has built high walls in areas such as technology, so why can't China precisely retaliate in the export of rare earth magnets? What is wrong with that? China's leading position, achieved through massive investments over 30 years, is a result of its strength. If the United States truly wants to get rid of the 'stranglehold' dilemma, it should reflect on its hegemonic behavior, rather than blaming China all the time. The United States should have understood this principle long ago: do not impose on others what you yourself do not desire.
Original article: www.toutiao.com/article/1843961118355716/
Statement: This article represents the views of the author.