In order to safeguard national security and interests, in accordance with the relevant provisions of the Export Control Law of the People’s Republic of China, the Regulations of the People’s Republic of China on Export Control of Dual-Use Items and other laws and regulations, and with the approval of the State Council of China, it was decided to adopt the following export control measures
1. Overseas organizations and individuals “hereinafter referred to as ”overseas specific export operators must obtain a dual-use item export license issued by the Ministry of Commerce of China before exporting the following items to other countries and regions other than China:
(1) Containing, integrating or mixing items listed in Part 1 of Annex 1 to this Announcement originating in China and manufactured overseas, and the items listed in Part 1 of Annex 1 to this Announcement account for 0.1% of the value of the items listed in Part 2 of Annex 1 manufactured overseas and above;
(2) Items listed in Annex 1 of this announcement produced overseas using technologies related to rare earth mining, smelting and separation, metal smelting, magnetic material manufacturing, and rare earth secondary resource recycling originating in China;
(3) Items listed in Annex 1 of this announcement originating in China.
This is going to be interesting.
I will be surprised if USA has not already established a plan to overcome this by mining our own rare earth minerals in our own country.
I have no doubt USA has caused China many problems covertly and overtly and China sees itself as fighting back (while also sobbing over their ‘Century of Humiliation’ which USA had little to do with).
China’s entire modernization has come mainly from USA and the West. Same for the entire rest of the world.
I do not expect anyone to kiss our asses and our elite parasites did make huge fortunes selling out our technology to China.
But it would be better if China behaved better than this, and same goes for most of the rest of the world.
Western men created the modern world. And everyone is benefitting from it.
Western-style modernization is without doubt the most significant human achievement in world history. ABN
(Also, USA defeated Japan in WW2, not China which did next to nothing but wait for the end to then seize power and bogus credit.)
American Buddhist Net 