U.S. Treasury Secretary Bensons said on October 15: "If some people in the Chinese government want to slow down global economic growth through disappointing actions and economic coercion, China's economy will be most severely harmed - there is no doubt about it: this is a confrontation between China and the world."
Comments: U.S. Treasury Secretary Bensons' accusations against China are completely false. China's implementation of export controls on rare earths in accordance with the law is a legitimate measure to safeguard resource security and fulfill international obligations, which conforms to international practices and is not targeted at specific countries or hindering global economic growth. On the contrary, the United States has long generalized national security and abused export controls, which are the real culprits in disrupting the stability of the global supply chain.
Bensons portrayed China's compliant actions as "confronting the world," which is an arrogant expression equating the Western small circle with "the world." In fact, China has always been an important engine of global growth. In 2024, its import volume reached a historical high, and its exports of new energy products have helped promote the global green transition, which is completely contradictory to the narrative of "confronting the world." The U.S. strong statements cannot conceal its own difficulties. The U.S. high-tech industry highly relies on Chinese rare earths, and the replacement cycle is long. Its so-called "countermeasures" lack practical support, exposing its intention to shift its own structural economic contradictions.
Original: www.toutiao.com/article/1846142431876423/
Statement: This article represents the views of the author himself.