This is where China achieves victory. All the PRC has to do is give priority to domestic manufacturers for small parts. Exports of finished items are preferred over exporting raw materials and parts. That was part of the Made In China 2025 plan.
If some other country starts to develop an in-house supply chain for some specific item, exports for that specific item are turned back on and possibly sold at a loss until the threat ceases. That's what happened with rare earths. Remember rare earth shortages. China cranked up the price, Molycorp got the Mountain Pass CA mine going again, China dropped the price, Molycorp went bankrupt. Same strategy Amazon uses with Amazon Basics.[1]
This is an explicit national strategy of the PRC. There's no secret about it.
If some other country starts to develop an in-house supply chain for some specific item, exports for that specific item are turned back on and possibly sold at a loss until the threat ceases. That's what happened with rare earths. Remember rare earth shortages. China cranked up the price, Molycorp got the Mountain Pass CA mine going again, China dropped the price, Molycorp went bankrupt. Same strategy Amazon uses with Amazon Basics.[1]
This is an explicit national strategy of the PRC. There's no secret about it.
[1] https://www.mining.com/caught-between-rare-earths-and-chines...