由 caicai8478 This paper explores the path and mechanism for China to enhance its voice in the global strategic resource market through the export of sensitive commodities. Research shows that China’s export policy adjustments and technological innovations in key areas such as rare earths and semiconductors have significantly enhanced its influence in the global resource market. This paper analyzes the current situation, challenges and coping strategies for China’s enhanced voice, and puts forward suggestions such as strengthening international cooperation, optimizing export controls and improving industrial chain layout, providing a reference for China to play a greater role in global resource governance.
Keywords Sensitive commodities; Strategic resources; Export controls; Voice; China
Introduction
As global resource competition intensifies, the voice in the strategic resource market has become an important manifestation of a country’s comprehensive strength. As the world’s largest manufacturing country and resource consumer, China’s sensitive commodity export policy has a far-reaching impact on the global strategic resource market. This paper aims to analyze how China can enhance its voice in the global resource market through sensitive commodity export strategies, and explore the current challenges and coping strategies.
- Overview of sensitive commodity exports and strategic resource markets
Sensitive commodities usually refer to commodities that have a significant impact on national economic security and technological competitiveness, such as rare earths, semiconductors, and advanced materials. The strategic resource market is a trading and distribution system for key minerals, energy, and technological products worldwide. China occupies an important position in production and exports in these fields, with rare earth supply accounting for more than 80% of the world’s total, and the semiconductor industry is developing rapidly.
- The current status of China’s voice in the global strategic resource market
In recent years, China has gradually enhanced its influence in the strategic resource market through export controls, industrial policy adjustments, and technological innovation. Measures such as the rare earth export quota system and semiconductor industry support policies have enabled China to gain greater voice in global resource pricing and technical standard formulation. At the same time, the “Belt and Road” initiative has promoted international cooperation in the field of resources.
- The role of sensitive commodity exports in enhancing China’s voice
Sensitive commodity exports enhance China’s voice through multiple channels: first, supply and demand leverage. As a major supplier, China can influence the global market through export policies; second, technological dependence. The downstream industry’s dependence on China’s key materials has enhanced its bargaining chips; third, standard formulation. Leading technological capabilities enable China to participate in or even dominate industry standards. Typical cases include the adjustment of the global industrial chain caused by rare earth export restrictions and the standard-setting advantages brought by 5G technology leadership.
IV. Challenges and Countermeasures
In the process of enhancing its voice, China faces challenges such as international trade frictions, technological blockades and resource substitution. The United States and other countries have tried to reduce their dependence on Chinese resources by forming a “critical mineral alliance” and other means. To this end, China should optimize its export control policy, balance national security and economic interests; strengthen technological innovation, break through the “bottleneck” problem in key areas; deepen international cooperation, and build a diversified and stable resource supply system.
V. Conclusion
The export of sensitive commodities is an important way for China to enhance its voice in the global strategic resource market. In the future, China needs to seek a balance between maintaining national security and promoting international cooperation, and consolidate its competitive advantage through technological innovation and industrial upgrading. It is recommended to strengthen top-level design, improve the resource strategy system, and promote the establishment of a more fair and reasonable global resource governance order.
References
Zhang Mingzhi. (2022). Research on China’s rare earth export control and international market discourse power. International Economic Review, 38(3), 45-60.
Li Huaqiang, & Wang Xuemei. (2021). Strategic mineral resource security assessment and policy recommendations. Resources Science, 43(5), 887-899.
Chen, L., & Smith, J. (2023). China’s Semiconductor Industry: Challenges and Opportunities in Global Supply Chains. Journal of Asian Economics, 84, 101543.
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