Sunday, August 29, 2010

China to World We Luv Our Rare Earth

In a heavy bit of national planning, China has announced that it is cutting back 72% of its exports of rare earth metals. For cover they are using environmental concerns.

Clearly, Chinese leadership is having trouble understanding free trade, the law of association  and the dangers of overall macro-economic management.

1 comment:

  1. Just read in Forbes that they are striking deals with the Congo on their natural resources. Congo has an estimated $27 Trillion in natural resources!