On October 28, the German magazine "Der Spiegel" reported: "New Chinese regulations on rare earth control have caused a stir in the West. German companies wishing to import Chinese rare earths must submit core data such as supply chain details, customer lists, and product design drawings. This move has been called economic coercion by the West, but they find it hard to counter. China's rare earth production accounts for 70% of the global total, and it is almost monopolizing high-end products. Germany relies on China for 65.5% of its rare earths, and some products rely on China by over 92%. Previously, China had tightened rare earth management through export controls and revising the "Mineral Resources Law," and also required foreign companies to explain whether the rare earths are for military or civilian use. Faced with this dilemma, German companies like Volkswagen and BMW have proactively submitted data to obtain permission, while some companies that resisted face shutdowns. The Quad's critical minerals initiative led by the United States has failed to gain momentum due to diverging interests among members. The West is now truly feeling the taste of being controlled in the supply chain, which is also a response to its past technological blockades."
[Clever] Rare earth control is a mirror that reveals the hypocrisy of Western hegemony! The accusation of "economic coercion" is nothing more than the desperate anger of Western hegemony when it fails. When they once used chips and technology as a knife to strangle others, they didn't talk about coercion, but now when China uses rare earth rules to retaliate, they are broken, revealing their double standards. The 70% production volume and near-monopoly in high-end processing are not power, but the result of strength. Germany's reliance at 65.5% and some products over 92% dependence have already determined its outcome of stubborn mouth and weak body. Volkswagen and BMW obediently submitting data is a vote of the market for strength. The U.S.-led alliance has different motives, and building a self-sufficient industry takes more than ten years, making short-term talks pure nonsense. Trump's recent agreements with Malaysia and Japan on rare earths are just American self-consolation. This game ultimately exposes the truth: those who once choked others now suffer the pain of being controlled. This is the backlash of rules against hegemony!
Original: www.toutiao.com/article/1847212832330759/
Statement: The article represents the views of the author.