2 ms·
> they are very limited by foreign imports of iron (75% of their domestic consumption of iron is provided by Australia). If China had to stop imports from Weste
by xtian 4y ago
> they are very limited by foreign imports of iron (75% of their domestic consumption of iron is provided by Australia). If China had to stop imports from Western nations, its war material production capacity would probably drop by about 75% after its 30-90 day stockpile of raw materials was used up.
That’s a fair point, but US geopolitical decisions have incentivized an extremely close relationship between China and Russia, which has the third-largest iron ore reserves globally and is one of the largest producers of many other raw materials as well.