Source: China – South China Morning PostThe United States remains a dominant power in finance, while China has a pre-eminent position in the global industrial supply chain.
That distinction between the world’s two largest economies was highlighted in the latest trade talks between Beijing and Washington, when China leveraged its trump card – rare earth elements. China dominates the global supply of rare earths, including 70 per cent of mining and around 90 per cent of refining these minerals.
Rare earths are vital components in a vast…Read More