This is why I discount most (not all) Chinese alarmism. The very anti-market thinking that lets them move quickly and strategically becomes their downfall.
E Sent from my iPhone On Apr 26, 2012, at 21:47, [email protected] wrote: > The rare-earths story illustrates a larger point about China's development. > Despite such well-laid plans, Beijing all too often underestimates market > forces and the resistance it will face from local authorities and industries > that do not share the central government's interests. For one, the market > effect of capping rare-earths exports has been a precipitous rise of > rare-earths prices on the world market -- exactly what Beijing intended. But > higher prices since 2010 have allowed firms such as Australia's Lynas > Corporation to begin developing -- Centroids: The Center of the Radical Centrist Community <[email protected]> Google Group: http://groups.google.com/group/RadicalCentrism Radical Centrism website and blog: http://RadicalCentrism.org
