France said that China showed the terrible killer: Washington sideswipe Beijing soft underbelly
Beijing in the process of handling the Sino-Japanese diplomatic crisis over the Diaoyu Islands in the implementation of restricted rare earth showed the “killer”, provoking a rare-earth war; The move shocked Japan and other countries, but the other hand, measures to accelerate the global response to the rare earth crisis, many countries have put forward the development of rare-earth plan.
article pointed out, the so-called “rare earth” is not thin, in many parts of the world reserves, but economic development less. In terms of current production, called “rare earth power”, accounting for 95 percent of global production. The rare earth are widely used in high-tech industries, including civilian and military applications. However, since the Diaoyu Islands collision storm broke out between September this year, month 7 Japan-China, China has been increasingly restrict rare earth exports as a weapon to deal with crises.
article pointed out, the father of the Chinese economic reform, Deng Xiaoping said long ago, the Middle East has oil, China has rare earth. Control of China’s rare earth did not begin yesterday. Since 2005, Beijing had to formulate a strict quota measures, the annual reduction of 5% to 10% of exports of rare earths. It was not until July of this year, Beijing decided to slash rare earth export limit the cuts in the second half of 2010 to 72%. According to the recently disclosed that China’s official English-language newspaper China Daily, China to consider next year will continue the implementation of the rare earth restricted, at least 30% of the reduction of export quotas. Beijing has denied this news, adding that China’s rare earth reserves down 37% from 1996 to 2003, if things go, 15 or 20 years after China’s rare earth resources may be depleted. Beijing, this explanation, and failed to reduce speculation and worry outside China to provoke a “rare-earth war.
“Le Figaro” the article pointed out that this rare earth crisis is not limited to between China and Japan, Beijing Rare Earth Wars “provoked” even crossed the Pacific and spread to the United States, causing a wider range of trade war led to the rise of “economic nationalism”. Since October 18, the United States in addition to the Pentagon to expand the U.S. military-industrial over-reliance on the survey of foreign rare earth, but also consider the future instead focus on local resource development; the U.S. government in order to counter the Chinese secret subsidies for green energy industrial research and WTO rules do not phase discord restrictions, restrictions on Chinese exports to the U.S.. A few days later, Germany announced the formulation of the country “to ensure that the rare earth supply strategy. Almost at the same time, Japan and Vietnam signed an agreement at the end of the month announced that it will jointly develop rare earth resources. This series of trends show that China provoked by rare-earth war, but to trigger and accelerate the pace of worldwide development of rare earth.
sideswipe Washington, Beijing soft underbelly
“Le Figaro” economic
today also published a commentary on the G20 meeting of finance ministers article, title of the article: “Group of 20 : Washington sideswipe the soft underbelly. ” This from a newspaper reporter sent back from South Korea reported that the Gyeongju G20 finance ministers meeting was attended by U.S. Treasury Secretary Timothy Geithner to change the policy, to put aside the RMB exchange rate issue is not mentioned, in favor of attacks on China and other exporting countries The trade surplus. Turner, this trick is very powerful, is actually trying to kill two birds with one stone, from the G20 summit in Seoul three weeks on the occasion, a flank attack the soft underbelly of Beijing on the issue of trade surplus is to eventually force Beijing to revalue its currency.
article said Geithner to bypass the RMB exchange rate issue, a new proposal to require the Group of 20 trade before 2015 will be the excess limitation in 4%, is to seek a Beijing proposal acceptable to large country. Washington has already noted, turns fire on the currency issue in the past few months and did not work, the only other playing a card game, the forces go to the trade surplus up. The United States secretly to speculate that the higher opportunities of this strategy worked. Beijing is the economic center to the domestic market, but has always refused to make concessions on the currency issue, the United States related to restrictions on trade in excess of the new proposals may Beijing can accept the steps. “Le Figaro” The article also pointed out that, although the United States showed the trade surplus issue new tactics, but the pre-G20 summit held in Seoul next month also shrouded in the haze of failure.