\u201cWe advise the U.S. side not to underestimate the Chinese\nside\u2019s ability to safeguard its development rights and interests. Don\u2019t say we\ndidn\u2019t warn you!\u201d the People’s Daily said in a commentary.<\/p>\n\n\n\n
The phrase “Don\u2019t say we didn\u2019t warn you ” has\nbeen used only twice in history by the People’s Daily – in 1962 before the\nborder war between China and India and before the Sino-Vietnamese war in 1979.<\/p>\n\n\n\n
China has threatened to cut rare earth metals as a\ncountermeasure in the escalating the trade war. The materials are essential for\nthe production of iPhones, electric vehicles and advanced precision weapons.<\/p>\n\n\n\n
China’s biggest newspaper has explicitly warned the United\nStates on Wednesday that China will cut rare earth metals as a countermeasure\nin the escalating trade fight, using an expression used only twice in history,\nboth of which led to full on wars.<\/p>\n\n\n\n
“We advise the U.S. side not to underestimate the\nChinese side\u2019s ability to safeguard its development rights and interests,”\nthe People’s Daily said in a commentary titled “United States, don\u2019t\nunderestimate China\u2019s ability to strike back.” The newspaper is the\nofficial publication of the Communist Party of China.<\/p>\n\n\n\n
” Will rare earths become a counter weapon for China to\nhit back against the pressure the United States has put on for no reason at\nall? The answer is no mystery,\u201d added the paper.<\/p>\n\n\n\n
The trade conflict between the world’s two largest economies\nescalated rapidly this month as the two sides imposed a tariff on billions of\ndollars of their respective goods. China threatened to curb sales of rare earth\nmetals in the United States came after President Donald Trump listed Huawei,\nthe Chinese telecom giant, on a blacklist, cutting off chip makers and Internet\ncompanies.<\/p>\n\n\n\n
Speculation about China’s recovery appeared for the first\ntime when Chinese President Xi Jinping visited rare mining and processing\nfacilities in Jiangxi Province during a local tour last week. A Chinese official\nwarned on Tuesday that products made of materials should not be used against\nChina’s development, which was seen as a veiled threat to the United States and\nthe technology industry.<\/p>\n\n\n\n
Rare earth materials in China are essential for the\nproduction of iPhones, electric cars and advanced precision weapons, although\nimports are a relatively small part of the $420 billion US goods deficit.<\/p>\n\n\n\n
The Chinese tabloid newspaper Global Times said on Tuesday\nthat China could play the “rare earths card” and was “seriously considering”\nthe move.<\/p>\n\n\n\n
The stock market has been a huge success amidst the mutual\nstrategies between the US and China as stocks prepare to record their first\nnegative month of the year. Standard & Poor’s has lost nearly 6% this\nmonth.<\/p>\n","protected":false},"excerpt":{"rendered":"
\u201cWe advise the U.S. side not to underestimate the Chinese side\u2019s ability to safeguard its development rights and interests. Don\u2019t say we didn\u2019t warn you!\u201d the People’s Daily said in a commentary. The phrase “Don\u2019t […]<\/a><\/p>\n<\/div>","protected":false},"author":1,"featured_media":1208,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[36,34,114,48,24,10,58,57,70,47,86,23,109,115],"_links":{"self":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts\/1207"}],"collection":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/comments?post=1207"}],"version-history":[{"count":1,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts\/1207\/revisions"}],"predecessor-version":[{"id":1209,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts\/1207\/revisions\/1209"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/media\/1208"}],"wp:attachment":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/media?parent=1207"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/categories?post=1207"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/tags?post=1207"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}