Comments by "Valen Ron" (@valenrn8657) on "China’s using Australia as a ‘proxy punching bag’ for the US: John Howard" video.
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@silveriver9 On China issue
https://graphitepublications.com/will-chinas-outrageous-rare-earth-monopoly-persist/
China's rare earth near-monopoly was built on SOE (state-own enterprise) which driven private competitors from the market. Rare earth is important for the electronics component production logistics chain.
Heavy importers of these REEs such as the U.S., Germany, and Japan believe these rationales disguise China’s true exploitative motive: to force foreign factories to move to China to keep their costs low and their supply high
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https://www.forbes.com/sites/douglasbulloch/2016/10/12/protectionism-may-be-rising-around-the-world-but-in-china-it-never-went-away/#5dc3f5df73da
Protectionism May Be Rising Around The World, But In China It Never Went Away
Promises unkept?
Since joining the WTO in 2001, China has repeatedly insisted that it will live up to those undertakings made on entry. In particular, the use of currency manipulation has been identified by the US as a breech of the commitment to end price controls for the purposes of protecting domestic industries. This became a major political issue from 2005 onwards, and has only recently subsided because it is assumed that the RMB is slightly overvalued on the market. Nevertheless, for years it was deliberate policy for the PBoC to accumulate US Dollars and suppress the exchange rate for the RMB, resulting in exactly the price distortions China had committed to eliminate in 2001, and fuelling an enormous trade surplus with the US, which persists and expands to this day.
http://www.wsj.com/articles/SB10001424052748703321004575427050544485366
After securing Rare-Earth monopoly, China Dangles Rare-Earth Resources to Lure Investment
BEIJING—China is cautiously using rare-earth resources as bait for foreign investment that could bring in sophisticated technologies that it needs.
Industry and government officials have begun talking about a Chinese government plan to offer access to its rare-earth resources—which are used in products such as hybrid-car batteries and missiles and are under strict export restrictions—to get companies including electronics manufacturers and auto makers to set up rare-earth-processing plants in China.
Try again.
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