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0 sats \ 14 replies \ @BlokchainB 22 Apr \ on: China's Rare Earth Monopoly is Diminishing charts_and_numbers
Another reason to be bearish on China
How do you figure that?
Did you even read the article?
You do understand China almost completely enjoys a global monopoly on refining of rare earths?
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For now not forever
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Could be forever- will be for at least a decade- and will cost trillions in government subsidies and probably never be competitive with Chinas refiners.
By refining at such low cost is how China has built global dominance because other refiners could not compete and so gave up.
Good example of free markets failing and state strategy winning huge power projection potential.
USA cannot fight a major war for at least a decade without Chinese support.
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China is not a free market
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Correct in some areas the government is highly involved- as it was highly involved in the development of global rare earths supply chain dominance- that gives China massive strategic advantage- it means China can say to Trumps attempt to dictate to global trading partners 'fuck you'.
There is never a guaranteed free market when it comes to nation state competition- USA encouraged global free trade when it thought its benefited from it but now that China has won the trade war and enjoys trillion dollar trade surpluses USA wants to block free trade with tariffs and bullying.
China anticipated that by investing is multiple strategic supply chains like rare earths and China again wins against US imperialism.
Good example of free markets failing and state strategy winning huge power projection potential.
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Notice how you said dollars and not Yuan
The world will never accept the Yuan to settle international trade
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Russia and Iran already do. Saudis sell most of their oil to China and have joined mBridge and BRICS.
Chinas dominance in global trade in both manufactured goods and commodities means nearly all nations must trade and do trade with China.
The dollar/SWIFT is currently imposed on most nations via the legacy petrodollar regime and SWIFT- well that system is in definite decline and China is already operating a number of alternative trade payments routes which USA dare not sanction because China is at the same time holding up the IMF and legacy SWIFT system.
It is a transition and China is taking its time but the transition is under way and not reversing any time soon- if ever because China simply dominates on trade and historically such dominance eventually results in dominance in terms of currency and protocols.
USA is in decline- China is rising. Will that be reversed? Possible, but hard to see that it will be.
There is definitely a major challenge to the US hegemony and US is now definitely on the defensive as Trumps multiple actions clearly show. Amazing how in denial of what has already happened the majority of US citizens are. The sense of entitlement is huge.
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Russia and Iran might have lower GDP than the state of California.
China is not rising. Their most the best and the brightest (aka their billionaires) send sperm here to have a baby here. Americans don’t do that.
No one wants to leave America yet China keeps people trapped.
Look what happened to Jack Ma when he got to big.
The CCP sucks and everyone knows it. No one is happy when they come around.