China’s rare earth strategy was formulated roughly 40 years ago — this in itself is an advantage of a one-party system. Almost all nations that experienced rapid economic takeoff were built on one-party rule, strongman leadership, or authoritarian governance — such as South Korea, Japan, Vietnam, and Singapore... Taiwan had Chiang Ching-kuo, South Korea had Park Chung-hee, and Singapore had Lee Kuan Yew. At least in Asia, this pattern seems to hold true.
> China’s rare earth strategy was formulated roughly 40 years ago
what a joke! Just 8 years ago, there were hundreds of rare earth companies all fight against each other by pushing prices to the very bottom destroying any possible profitability of the business.
as of today, Americans would end up in jail for working for some random Chinese companies in so called sensitive sectors, but American companies can freely hire Chinese rare earth engineers.
is that the strategy you mean? lol