I think it should go further, for instance I recommend the reverse Xiaomi method, do to them what they did to China back in the early days of the trade war. Xiaomi had to accept American auditors and handlers and pay for them off its coffers to make sure its use of semiconductors were compliant with U.S. sanctions regimes, not to mention giving it undue influence over operations and basically giving bribe money to the trump administration in a roundabout way.I think the only way forward for US China normalization is a treaty, ratified by 2/3 of congress.
The first question that should be asked is, why should China-US relations normalize, or to put it another way, what should be normal?I think the only way forward for US China normalization is a treaty, ratified by 2/3 of congress.
They yapped about this for 15 years and did nothing. They keep finding reserves and usually all of them remain non-developed. Those helium and lithium reserves they found last decade still have nothing extracted. Literally nothing. But of course, if you ask MAGAs they will replace Chinese rare earths in 6 months. They became experts on everything about rare earth elements in a day. China was fool for having PhD programs on this. A few Facebook threads were all ChiComs needed.Agreed. A comprehensive Rare Earth industry takes decades and plenty of investments to build. Let alone build at scale. The US and friends would have to dismantle plenty of environmental taboo in order to setup lagre scale mining and refining facilities. It requires plenty of investments, skilled manpower, and waste management costs. ROI is gonna take years, maybe even decades for the West. The capitalists don't have the patience to invest in something like that.
Ideally, China restricting RE to the West should be a great opportunity for entrepreneurs. But since genuine entrepreneurship have been systematically crushed by the old and entrenched capitalists and banksters, no actual boom is gonna happen. The same old billionaires and investors are gonna gang up and attempt to setup their own RE industry. And its gonna go the way like how the Americans have attempted to move TSMC's foundries to Arizona. Big talk, big money spent, but too little imagination, and too little results.
I expect little Supapowar India to hype itself up to becoming the next "Global Rare Earth Hub" to replace China. Long story short, its not gonna happen.
I think it should go further, for instance I recommend the reverse Xiaomi method, do to them what they did to China back in the early days of the trade war. Xiaomi had to accept American auditors and handlers and pay for them off its coffers to make sure its use of semiconductors were compliant with U.S. sanctions regimes, not to mention giving it undue influence over operations and basically giving bribe money to the trump administration in a roundabout way.
For normalisation, I expect nothing less than a CPC team to be attached to every S&P500 ready to audit the company for compliance in accordance with Chinese regulations, and paid for at the expense of that U.S. company. Yknow, it may even be the first time any western board actually has Chinese, let alone Asian members participating in operations.
I just realised that China targeting shipping boards which are governed by Americans means the CPC is directly targeting the Anglo elite ruling class; old money tends to have deep links in shipping, insurance, real estate etc
The rare earth geology outside of China, besides in its immediate neighbors, is generally quite unfavorable for economically viable development.They yapped about this for 15 years and did nothing. They keep finding reserves and usually all of them remain non-developed. Those helium and lithium reserves they found last decade still have nothing extracted. Literally nothing. But of course, if you ask MAGAs they will replace Chinese rare earths in 6 months. They became experts on everything about rare earth elements in a day. China was fool for having PhD programs on this. A few Facebook threads were all ChiComs needed.
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Maybe Xi did it on purpose, instead of being blamed for refusing to talk, let Trump do it. It was usually the US setting up crazy demand and blame others for uncompromising and unreasonable, it is time to turn the table. I would expect China taking up US playbook against US more and more from now on.Not exactly news. Trump announcing 100% additional tariffs on Chinese imports. Trump is also considering to cancel his upcoming meeting with Xi Jinping. Yawn...