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Chinese Foreign Currency Reserves. Currency Control. China Trade Surplus. China Trade Surplus. Chinese Dominance of Rare Earth Metals. Chinese Dominance of Rare Earth Metals. In 1992, Deng Xiaoping China’s President after Mao said:
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Chinese Dominance of Rare Earth Metals • In 1992, Deng Xiaoping China’s President after Mao said: • “There is oil in the Middle East; there is rare earth in China” • Now, China accounts for around 97% of rare earth metal production