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China bans export of rare earths processing tech over national security
(www.channelnewsasia.com)
this post was submitted on 22 Dec 2023
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Uhh then they have more resources? And we have less affordable goods.
The modern Chinese economy is very dependent on trade with the West and other East Asian nations that are generally more favorable of the west.
Those resources aren't shit if they can't make them into shit others will buy.
That’s not really true. Much of China’s economic growth in recent years has been driven by internal demand and not foreign investment.
Yes congrats on proving that economics really is a zero-sum game and every econ professor has been wrong this whole time.