What two particular imports is the Chinese economy, especially military defense industries very dependent on?
Look at what we found here. What a surprise here
China has overtaken the US as the world's biggest crude oil buyer, and China relies heavily on imports of cobalt, nickel and lithium to develop strategic emerging industries, Ju Jianhua, a ministry official said at a press conference on Tuesday.
China is increasingly dependent on imports for 95 percent of chrome, 90 percent of cobalt, 79 percent of gold, 73 percent of copper, 73 percent of iron ore and 67 percent of oil, the ministry's website quoted Ju as saying.
China's need for mineral resources is also reflected in the slow growth in detecting and developing mineral resource reserves and insufficient innovation and pollution from small and medium mines, Ju said.
http://www.globaltimes.cn/content/1110397.shtml
>Nickel
>Lithium
>Chrome
>Cobalt
>Copper
>Gold
Copper is BIGLY important!
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The Chinese perfected a geopolitical strategy to ensure critical mineral-import needs from across the globe for their domestic industries despite global supply-chain uncertainties. The U.S. has no such strategy. Instead, the U.S. imports most of its critical minerals from China and the rest from other trading partners — many of which are themselves politically unstable, hostile to the U.S., and/or vulnerable to Chinese restrictions or embargos.
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The Chinese have robust stockpiles of rare earth elements, cobalt, bauxite, and other minerals. Much of the U.S. stockpiled minerals were sold off after the Cold War and are at their lowest inventory levels ever. There appear to be only minor amounts of one or two rare earths in the stockpile, and unfortunately, the U.S. lacks the supply chain to turn those materials into usable parts.
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The U.S. Geological Survey (USGS) reports that the Chinese invested over $18 billion in non-fuel mineral exploration in 2014, the latest year for which these data are available. Investment in U.S. mineral exploration in 2014, albeit by private sector, was less than $1 billion, or less than 6 percent of China’s total investment. Domestic investment remained flat until turning up in 2017, probably as a result of regulatory changes by the Trump administration.
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China’s government-sponsored investment in mining of fuel and non-fuel minerals for 2014 totaled a staggering $239 billion, their lowest annual rate of growth in the past 12 years, according to the USGS. During the same period, U.S. mining investment totaled roughly $85 billion, or about 35 percent of China’s investment total.
https://www.nationalreview.com/2018/09/rare-earth-critical-minerals-from-china-national-security-concern/
Chinese imports statistics. China is importing BIGLY in semiconductors and electronics manufacturing technologies, fuel, mineral ores and key minerals that are required for manufacturing electronic components.
Sad!
That KTTC news station must be full of easily triggered meltdown prone snowflakes. How can we trust these sort of people do deliver the news to us?