Beijing is weaponising its domination of the rare earth market in its trade war with the US. It is threatening to limit access to the minerals, which are essential to American tech firms.
As one of the end points for China's vast new global trade route, the former industrial city of Duisburg is well known to many Chinese businesses. Many Duisburg residents are optimistic about Beijing's growing influence.
As China looks for ways to retaliate against the US amid an escalating trade row between the two giants, speculation is rife that Beijing could slash the export of rare earth metals as a counterstrike to US tariffs.
The German economy minister has described China as a partner and competitor. He said it is time to establish better trade rules that don't put European companies at a disadvantage.
The number of arrivals from China to the US fell last year for the first time in 15 years. The Chinese are the world's highest-spending foreign visitors and their tourism dollar is sorely missed.
© 2019 Deutsche Welle |
Legal notice |
| Mobile version