What are China's "Secret Weapons" in The Sino-US Trade War
- Details
- Category: Tungsten's News
- Published on Wednesday, 17 April 2019 22:12
U.S. President Trump Path has escalated into a trade war with China, twice the amount previously officially announced by the U.S. Trade Representative Office (USTR) for tariff increases. Trump decided to gamble on his political future. He wanted to use retaliatory tariffs to threaten China and force the world's second largest economy to give in.
In response, Gao Feng, a spokesman for the Ministry of Commerce of China, responded solemnly last night with more rhetoric.
If the US announces the list of new 100 billion US dollars of taxable products, China is fully prepared and will not hesitate to launch a vigorous counterattack immediately. We will not pick things, but if someone picks things, we will fight resolutely. The Chinese people have always been very serious in their work, and we will certainly do what we say. Faced with such major problems, we must fight resolutely.
Another important strategic mineral in China has also attracted the attention of foreign media, namely tungsten. Tungsten is widely used. Like rare earth, it has important applications in new energy, new materials, automotive industry, aerospace, information, biology, environmental protection, military and other cutting-edge scientific and technological fields and national defense construction. At present, tungsten is mostly used to manufacture cemented carbide, which is called "industrial teeth". Tungsten is an important cutting tool in automotive and aerospace industries. The automotive industry, one of the pillars of American economy, needs a large number of cemented carbide cutting tools.
The world's industrial powers, from the United States, Japan, Germany, France, China, South Korea, the United Kingdom, and even India, Russia, there is no car industry. Some scholars believe that at some stage in the future, the hottest industry in China is not the real estate industry, but the automobile manufacturing industry. The automobile sales in the Chinese market account for about 30% of the world's total. The automobile industry will be the main battlefield for upgrading China's 2025 manufacturing industry. No industry can be found in the world, and its output value can match that of the automobile industry.
Ms. Dong Mingzhu, the star of China's manufacturing industry, once suggested in the proposal of the National People's Congress that the country increase the research and development of high-end tungsten products. Because Yinlong in Zhuhai is a new energy automobile company, she can realize the importance of tungsten carbide cutting tools for the automotive industry. Similarly, the automobile manufacturing industry is one of the key industries in the development of 2025 manufacturing in China, and it is also the industry that Americans are most afraid of China's development. To develop China's automobile manufacturing industry and achieve overtaking in bends, the development of medium and high-end cemented carbide cutting tools will be very important.
In the past, because of the backward industrial technology in China, large-scale rare earth mining can only be exported cheaply. Tungsten ore exports and cemented carbide products are mostly primary products. Let our country pay a heavy price: cheap loss of resources, serious damage to the environment, which has attracted the attention of the Chinese government. At the United Nations headquarters in Geneva in 2017, General Secretary Xi Jinping issued a "Chinese voice" to the world to build a community of human destiny: we can't eat ancestral food, break the path of future generations, and develop in a destructive way. Lucid waters and lush mountains are invaluable assets. In recent years, China has intensified its efforts to protect the environment. Through supply-side reform and environmental protection policies, China has made every effort to control the development and utilization of rare earth and tungsten and other important superior resources. It has used precious resources on the blade of the development of the Chinese nation's scientific and technological revitalization and opened a new era of scientific application of superior minerals.
- Tungsten Manufacturer & Supplier, Chinatungsten Online: www.chinatungsten.com
- Tungsten News & Prices of China Tungsten Industry Association: www.ctia.com.cn
- Molybdenum News & Price: news.molybdenum.com.cn
- Tel.: 86 592 5129696; Fax: 86 592 5129797; Email: sales@chinatungsten.com