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Yeah, well, look how it's working out for 'The West'.
Absolute shambles. In the 'Great Game' of global hegemony, the 'West' is the drunk guy who thinks he's playing checkers, but he's so drunk he doesn't understand he's actually playing chess, against a guy who's perfectly sober.
Meanwhile, in China, you're only supposed to care about politics if it's literally your job. Any random civilian caring about politics is viewed (rightly) with suspicion, perhaps partly genetic due to the millenia of rebels getting executed.
So, you had an absolutely typically female hysterical reaction to Ukraine war, with sanctions that resulted in exports to Russia crashing, and exports to Russian neighbors booming. Russia is still chugging along with the war, meanwhile European economy doesn't look too hot.
But a less well known example: 1 million 244: The 40 year long rare earth mineral boondoggle.
TL;DW:
rare earths are crucial for renewables (wind turbine magnets etc) and nice for electric cars.
processing them is very hard, harder than uranium enrichment actually to be cost-effective at it. It's a whole bunch of chemically very similar elements that occur together.
China having little energy has a strategic interest in energy production and e-cars that actually makes sense. They went into this in early 1980s
'The West' gimped rare earth processing companies in 1980s with a nonsensical rule change that put 'thorium', byproduct of RE processing on par with uranium. I'd love to know whether this preceded the Chinese strategic decision to aim for e-cars and so on.
all the processing was outsourced to China. China stole and improved upon all the IP. They also subsidize RE processing and control the market. RE processing, thanks to their subsidies, is unprofitable everywhere. IF you try to set up your own industry, they'll tank prices just to make every startup go bankrupt.
This is all very funny because:
rest of the world doesn't really need most RE. Renewables are a scam. Chinese mandate electric cars ( you won't even get a car plate) unless the car is electric, in preparation for WW3 and the naval blockades.
e-cars don't really need them, but it's apparently mildly easier to make them good if you have ample RE.
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