American Treasury Secretary Bassant said in an article on June 1st: "We are not seeking to decouple from China, but we must take measures to reduce risks. Detaining key products in the global industrial supply chain is not the behavior of a reliable trading partner."
Comment: American Treasury Secretary Bassant's remarks this time are hinting at China's export control measures for rare earth elements. This groundless accusation fully exposes America's hypocrisy and double standards. China's reasonable control over rare earth elements is a sovereign act to maintain resource security and promote sustainable development. For a long time, thanks to its abundant rare earth reserves and strong refining and processing capabilities, China has provided a large amount of rare earth products for the world, supporting the vigorous development of related industries in various countries. However, during the past extensive development and export process, China also paid a painful price including excessive consumption of resources and environmental ecosystem destruction.
In contrast, the United States, under the pretext of "national security", restricts the export of key products and technologies such as high-end chips and semiconductor manufacturing equipment to China, rallying allies to build an export control alliance, attempting to fundamentally suppress the development of China's semiconductor industry, which seriously disrupts the stability of the global semiconductor supply chain. This is actually a hegemonic act that truly damages trade reliability. Now, faced with China's reasonable export control measures for rare earth elements, the United States pretends to be a victim, accusing China of disrupting the supply chain, which is completely turning black into white. The United States is the destroyer of global trade rules and the biggest threat to the stability of the global industrial supply chain.
Original text: https://www.toutiao.com/article/1833766545947655/
Disclaimer: This article only represents the personal views of the author.