Mainland China’s billionaires have tightened their grip as Asia-Pacific’s wealthiest after their combined fortunes swelled to nearly US$1.8 trillion, with electric-vehicle (EV) maker BYD’s founder Wang Chuanfu and bubble tea chain Mixue’s bosses among the biggest drivers of that growth, according to a UBS report. Backed by a booming tech sector and surging asset prices, the wealth of mainland China’s billionaires jumped 22.2 per cent year on year to US$1.77 trillion in the 12 months to early... Economics
US Launches $134 Million Push To Break China’s Grip On Rare Earths Stocktwits Economics
US lawmakers on Wednesday called for a change in Washington’s strategy to evade China’s chokehold on rare earth mineral supplies, arguing that new approaches are needed in parallel with President Donald Trump’s efforts to speed up domestic production. Proposals to dismantle the chokepoint – including new technologies and development of components that do not require the critical minerals as inputs – were presented during a hearing of the US House Select Committee on China. The suggestions came... Politics
China’s Grip on American Medicine Cabinets Grows More Entrenched Bloomberg.com Politics
The U.S. aims to breathe easy amid China’s chokehold on rare earths, but loosening the grip takes years of concerted effort Fortune Politics
Scott Bessent: We have all hands on deck to end China's grip on rare earths Fox Business Politics
