China is now starting a rare earth metal firm — in a move to extend its dominance in the worldwide mining and processing of resources.
According to a report from The WSJ, the CCP has approved the “China Rare Earth Group” — which could start by the close of the year:
“The new company would be created by bringing together rare-earths assets from some state companies, like China Minmetals Corp., Ganzhou Rare Earth Group Co., and Aluminum Corp. of China Ltd. The combined company will further strengthen Beijing’s power over pricing and avoid infighting among Chinese groups, and to use this clout to undercut Western plans to dominate critical technologies.”
The new group will be stationed in the resource-rich province of Jiangxi, in southern China — poising the country to increase its capabilities in automobile, smartphone, and defense production.
Indeed, the PLA is making rapid improvements — indicated by the new firing of an advanced hypersonic missile that goes around the globe before reaching a target in China.
“They are expanding rapidly — in space, in cyber and then in the normal domains of sea, smartphone, and air,” said Joint Chiefs Chairman Mark Milley. “And they have advanced from a peasant-based army in 1979 to a military that has global ambitions. … As we continue — over the next 25 years — there is no question that the biggest challenge to the U.S. will be China. They have developed a military that is really significant.”
Other reports say that none other than the Biden family was benefiting from China’s power rise. NY Post columnist Miranda Devine spoke about her new book, Laptop from Hell, which reveals Joe and Hunters murky business dealing across the planet.
“Hunter Biden arranged numerous business partnerships with allies of Chinese President Xi Jinping, getting $6 million out before things went bad,” writes Johnson.
Hunter reportedly started a business partnership with the China Energy Fund Committee — a top mechanism of the CCP’s Belt and Road program, which spreads Chinese influence in developing countries. Devine’s book states that Hunter used his connection to his father to “open doors for CEFC around the globe, in Georgia, Kazakhstan, Oman, Romania, Ukraine, and beyond.”
“In other words, Hunter and the Biden family make money when China eats our lunch,” Johnson said.
Author: Scott Dowdy