China poses no threat to US national security

China poses no threat to US national security

The U.S. Defense Department has concluded that China’s monopoly on rare-earth materials, used in military hardware such as missile guidance and radar systems, poses no threat to national security, according to a person familiar with a year-long study by the Pentagon.

The report notes that rising prices and supply uncertainties are spurring private investment in new mining operations outside of China that will help meet American military needs, which require less than 5 percent of U.S. rare- earth consumption.

China now provides 97 percent of the world’s rare earths, a group of 17 metals that includes neodymium, samarium, and dysprosium.

China to invest extra $100 billion dollars a year in natural resources. Chinese Government for years have worked secretly by using most power-full people in the world to secure good deals in natural resources. China's new secret spending plan for 5 years is to invest extra $500 billion dollars on oil, natural gas, metals, minerals and all other commodities and row materials worldwide.

Top Leaders in China have listed 10 company executives and world leaders to partnership with Chinise companies and help with this investmant. 

(source:wsj.com)