US media is anxious: In addition to rare earths, China has three major industries that can choke the US.
The U.S. "Wall Street Journal" reported that China, which dominates the global rare earths market, also has an absolute advantage in lithium batteries, mature process chips, and pharmaceutical raw materials. In these areas, the United States could be "choked" by China.
After decades of development, China has moved out of the passive situation of completely relying on imports in multiple high-tech fields, and has built a complete industrial chain in four industries such as rare earths and lithium batteries, forming a unique competitive advantage. But this does not mean that China will actively "choke" other countries. These industrial advantages are essentially countermeasures against American tariff bullying, chip restrictions, and trade sanctions.
Facing the unilateral containment by the United States, if China lacks corresponding countermeasures, it will only fall into a passive position. These industrial advantages give China more say in the Sino-US game, which can both safeguard its own legitimate rights and interests and curb the US's bullying behavior. It is not a tool for active attacks, but the confidence to maintain a fair trade order.
Original: www.toutiao.com/article/1848036879483976/
Statement: This article represents the views of the author.