The degree of dependence of the United States on Chinese rare earths has made some US politicians feel bad. With the formal establishment of the China Rare Earth Group, some politicians in the United States are more premonition of the "imminent disaster", have been anxious, long pain is not as good as short pain, according to Reuters: the US Senate bipartisan members proposed a bill requiring US Department of Defense contractors to completely stop buying rare earths from China before 2026.
This "rare earth bill" is also regarded by many media as the United States's "tail-breaking life" approach, but the United States does have such a "confidence", although according to a 2019 statistic, the United States used 100% of the rare earths in that year from imports, but the United States has been sealing its largest rare earth mining area since 1998, and the United States itself is currently the world's second largest rare earth resource power.
Why does the United States not dig up so many rare earths at home, but instead relies on external imports 100%? To put it bluntly, it is one of their strategies, first using US dollar bills to exchange for rare earths in various countries, then squeezing out the rare earth reserves of various countries, and finally using their own stock advantages to in turn "card the necks of countries".
According to statistics, in the more than ten years from 1996 to 2009 alone, the mainland's rare earth reserves decreased by more than 37%, so The China Rare Earth Group came into being.
And the United States should also know that the establishment of the China Rare Earth Group shows that it is not whether you want to buy Chinese rare earths, but whether China wants to sell rare earths to you!
Regarding the strategic competition for rare earths, it is actually the competition between financial capital led by the United States and industrial capital led by China.
In the "ring" of Sino-US competition, we have more than just the bottom card of rare earths, and the recently released China Customs 2021 foreign trade import and export statistics have also shown us another bottom card to the United States and the world, that is, import and export trade.
According to the spokesperson of the General Administration of Customs of China, the total value of China's foreign trade imports and exports reached a new high in 2021, reaching 39.1 trillion yuan. Among them, imports and exports were 17.37 trillion yuan and 21.73 trillion yuan respectively, with a year-on-year growth rate of more than 21% in 2020.
The German media commented on China's report card: China plays a major role in the global supply chain, if it is not spared no effort to increase the volume of goods exported, many countries around the world will fall into the crisis of commodity and raw material shortages, and China is expected to become the engine of global economic recovery in 2022!
And the United States is facing today's China, and it can be said that it hates and can't take us! Because China pursues the concept of independent development, this is one of the key reasons why the United States is increasingly powerless in competing with China.
What's more, today's United States, for various internal reasons, has also fallen into the pressure of supply chain tension, some media revealed. In recent weeks, not only is there a shortage of goods in the United States, but even the supply of food is also in a serious shortage, and the best target for the United States at present is China!