Reported about 9 hours ago
In a strategic response to the ongoing trade war with the United States, China is mimicking U.S. trade practices by enforcing new regulations on the export of rare earth materials, requiring foreign companies to obtain government approval. This move reflects China's adaptation of U.S. polices, especially the foreign direct product rule, which has been used to obstruct Chinese access to U.S. technologies. By creating similar legal frameworks, Beijing aims to bolster its position in the trade conflict, learning from U.S. strategies while risking potential misunderstandings that could escalate tensions.
Source: YAHOO