China produces almost all the world’s supply of critical minerals needed to make advanced technologies such as semiconductors. Beijing has been tightening its grip on the materials, in retaliation for U.S. export controls. In October, China began requiring its exporters to disclose, step by step, how the minerals would be used in Western supply chains.China said on Tuesday it would begin banning the export of some rare minerals to the United States, in an escalation of the tech war between the world’s two biggest powers. The move comes a day after the Biden administration tightened Chinese access to advanced American technology. What is your take on this business wars ?
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