This is one of those stories that you see in USA newspaper, where official policy is laid out in ways you must decipher, but in this case China Daily is reporting.
The story is about how China is offended USA is complaining to the WTO about China not selling more of its weapon's grade raw materials for export. China points out they are exporting like crazy, even causing he prices to drop. Why, if anything, the editorial suggests, China itself should be stockpiling such minerals.
The posture assumed is innocence, consternation at being maligned, and even waking up to a problem China would otherwise not have considered.
The Chinese are smart enough to know what resources they need, stockpile them for emergency needs, and NOT sell the same to USA. The contradiction is China says they are exporting the minerals like crazy, but USA is complaining they do not export them. Which is true?
I suspect the Chinese are not exporting, they are stockpiling, and USA is using WTO rules to try to either get some strategic minerals (unlikely) or get some info on exactly what China is doing.
Business people in these fields already know the answers to these questions. The only intelligence service a nation needs is a free market.
Monday, July 6, 2009
USA Sues China
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