Trade War and Rare-Earth

Xi Jinping, China’s president, may have deliberately revealed how he plans to strike back at the US in the trade war by taking a trip to a magnet factory in eastern China on Monday.

Xi visited the JL MAG Rare-Earth factory in Ganzhou, where he learned about the “production process and operation” of the company, which specializes in magnetic rare-earth elements, “as well as the development of the rare-earth industry,” the state-run Xinhua news agency reported.

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