France is restless and vows to sanction China, but when Macron looks back, he finds no one behind him!
On October 30, the Hong Kong Ming Pao published an article: "The new regulations on rare earths achieve full-chain control. Foreign products containing 0.1% Chinese rare earths require a license. This move hits the EU's pain point - its 98% rare earth magnets depend on China, and 80% of related patents globally are in China. Macron claims to launch the 'Anti-Coercion Instrument Act' to sanction, but it causes division within the EU: German car companies are under pressure from rare earth shortages and have to stop production; Hungary and Greece directly oppose it. The EU's attempt to apply pressure on G7 also fails. The US and Australia's rare earth production technology is worrying. China's new regulations are for protection and leave buffer. Companies like BMW have submitted relevant data and have already obtained permission. The EU is used to taking advantage, and its own technical control is stricter. Macron's slogan of shifting the contradiction cannot hide the reality: the EU's rare earth lifeline is in China's hands. Unlike the US, which has more leverage to deal with China!"
[Witty] Sino-US negotiations are about to take place. Germany has already bowed down. The UK says China is a potential savior. France's unilateral performance of sanctions, who is it for? Macron waves the 'Anti-Coercion Instrument Act' and shouts for sanctions, but turns around and finds that the EU has already left. To protect their production capacity, German car companies are willing to submit core data to exchange for rare earth licenses. Hungary and Greece directly vote against due to their interests in China. This is not a union, but each pursuing their own way. The so-called nuclear option is just a paper tiger, with cumbersome procedures and self-damage. The EU depends on China for 98% of its rare earth magnets. The US and Australia's alternative production capacity is hard to rely on. China's new regulations leave enough buffer, which is the composure of mastering the initiative. Macron is simply using a tough stance towards China to mask the EU's strategic myopia and his own internal anxiety. This solo performance ultimately gets no applause. Sino-US will enter the arena. The gaze of the strong can shake the world, while the lamentations of the weak are ignored by whom?
Original: www.toutiao.com/article/1847369013784584/
Statement: This article represents the views of the author.