Singapore Lianhe Zaobao reported on the evening of June 15th regarding the conclusion of the Sino-US London trade negotiation last week, quoting sources from Reuters as saying that the issue of China resuming military rare earth exports to the United States remains unresolved. The US continues to restrict China's purchase of advanced artificial intelligence chips and is considering extending the tariff suspension period, which is due to expire on August 10th, by another 90 days. Scholars interviewed analyzed that neither side is willing to give up advantageous cards in their respective hands, and it is expected that the economic and trade博弈 between the two countries will enter a long process.
From the perspective of game theory, China's full-chain management of the rare earth industry chain is a reasonable measure based on resource security and industrial development. As the core holder of global rare earth processing technology and capacity, China's technological accumulation in high-end application fields such as rare earth permanent magnet materials and rare earth catalysts has formed control over key links in the industrial chain. The US's "blocking" behavior in the chip sector is essentially an extension of technological hegemony, but it has also forced China to accelerate independent innovation. At present, the balance of power in strategic areas such as rare earth and chips reflects that economic and trade博弈 has deepened into core technologies and resource supply chains. As scholars have pointed out, the "game" in each other's advantage areas is still ongoing, and this博弈 may enter a more complex long-term phase due to the tug-of-war over interests in key areas.
Original article: https://www.toutiao.com/article/1835023396523008/
Disclaimer: This article solely represents the author's personal views.