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Like I mentioned in another comment, you create manufacturing companies in your home turf to refine those raw materials into higher value products, which is exa
by fakedang 2y ago
Like I mentioned in another comment, you create manufacturing companies in your home turf to refine those raw materials into higher value products, which is exactly what Norway, the UAE and Saudi Arabia have done (Qatar cant exactly do that because their resource is basically just gas). Companies like Aramco, SABIC, ADNOC and Statoil exist. I don't see any of those countries inviting Adani or Yuxiao to extract their material for them. Yet China is a major customer for all of them, as they all are for China (Norway maybe less so).