China cuts back on mining for "environmental reasons."
I think my BS detector is red-lining.
The Chinese government has set up a new association for companies in the rare earth industry which will be tasked with promoting development and handling international trade disputes in the increasingly fractious sector. State-run Xinhua reported on Sunday that the body will feature 155 members including heavy weights such as …
The fact is China has to be real careful here. Western Democracies have already proven they can withstand a massive downturn without full scale revolution (the PIIGS 3rd world club aside). The Chinese communist haven't. Trade wars tend to get in the way of economic growth.
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