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Don't Say I Didn't Warn You: Chinese State Media Threatens US with a Big Rare Earth Metals Stick

May 29, 2019

Better Data for Better Investment DecisionsBetter Data for Better Investment Decisions
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  • Chinese state media used aggressive language to threaten cutting off rare earth metals exports to the US
  • China chose a rarely used phrase that translates to “don’t say I didn’t warn you” when threatening the US
  • The Communist affiliated Global Times wrote “those familiar with Chinese diplomatic language know the weight of this phrase” 
  • This same phrase was used in 1962 before China went to war with India as well as before China’s kerfuffle with Vietnam in 1979
  • The People’s Daily said the US should not underestimate China’s ability and determination when responding to the US actions
  • Global Times added that China is seriously considering halting rare earth metals exports as well as other countermeasures
  • President Xi Jinping visited a rare earth metals plants last week which started the speculations that China would use them to retaliate against the US, read our post from last week: Are rare earth metals China's next weapon to deploy in the trade war?
  • China produces 70% of the world’s rare earth metals and holds 40% of the world’s reserves, giving it a strong position if it decides to weaponize them
  • US tech companies depend heavily on rare earth metals for many of its high tech products produced
     

 

 

 

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