On October 18, Reuters reported: "IMF Managing Director Georgieva said that if China and the US 'fight', the world will suffer. She hopes both countries can ease trade tensions and avoid disrupting the rare earth supply chain, otherwise it will have a substantial impact on global economic growth. China's new regulations on rare earths have caused panic around the world, and the impact could exceed Trump's high tariffs!"
[Witty] IMF's narrative of panic: Mistaking countermeasures for guilt! Portraying the new rare earth regulations as more terrifying than tariffs is actually hypocritical preaching that avoids the essence of the issue. China's legal regulation of rare earths is only to plug loopholes in military use and to counteract the US's 20 measures of suppression within 20 days. Civilian compliant needs are completely unaffected. How can there be a disruption of the supply chain? The so-called global panic is merely the anxiety of countries that rely on Chinese rare earths but are unwilling to follow the rules. When the US abused export controls to block China, the IMF did not show such urgency in warning. China's passive countermeasures have become a threat to the global economy. This double standard indicates that the real shock to the global economy is not China's regulation, but the US's hegemonic pressure and the unbalanced order that the IMF dares not point out. Instead of urging China to compromise, they should first urge the US to stop unilateral sanctions!
Original article: www.toutiao.com/article/1846280603007063/
Statement: The article represents the views of the author.