Chinese becomes the "new threshold" in rare earth trade, China holds the power of rule-making!
On October 22, Hong Kong's Ming Pao reported: "China has introduced new regulations for the rare earth export process, requiring all application materials to be submitted in Chinese and in WPS format, breaking the convention that foreign companies used English. The global rare earth industry relies on China, which not only has nearly half of the reserves and over 90% of the medium and heavy rare earths, but also has exclusive cascading extraction technology that other countries find hard to match. Under the new rules, foreign companies are increasing their investment in Chinese training. The EU invested over 120 million euros in the first half of the year, while US rare earth plants had their documents rejected due to English materials, and technical staff had to look up dictionaries to debug Chinese software. This is not just a language requirement; it can also block loopholes of ambiguous usage and trace the flow. It makes Chinese the common language in the rare earth circle, marking that China has shifted from selling resources to setting rules and holding the power of rare earth trade."
[Witty] Rare earth plus Chinese - demonstrating China's clear rule response! China adds a Chinese threshold to rare earth trade. Where is this a language requirement? It's clearly a precise countermeasure against Western hegemony. In the past, the West forced China to give up resource interests through international conventions. Now, with the two王牌 of rare earth reserves and technology, China directly grabs the right to rewrite the rules. Want to get rare earths? First, learn my language and abide by my rules. The EU spent 120 million euros on Chinese training, and US technical staff looked up dictionaries to modify documents. This kind of embarrassment is a reflection of the failure of Western hegemony. This move not only blocks the loophole of using translation to obscure the purpose, but also makes Chinese a hard currency in the rare earth circle. Fundamentally, it's an upgrade from selling resources for profit to setting rules and seizing the initiative. Disagree? Either give up rare earths or learn Chinese. China's rules are not subject to others' interference!
Original: www.toutiao.com/article/1846646279725127/
Statement: The article represents the views of the author.