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China's Economic Woes and Rare Earth Export Controls Raise Global Alarms. Elaine Dezenski discusses how the US Treasury Secretary remarked that China's worrying economic fundamentals—including high debt and youth unemployment—are leading Beijing to use tactics like rare earth export controls to undermine the global economy. China acts as a "non-market player" using subsidies and forced labor, which corrodes the free market. Experts suggest the US must acknowledge these non-market practices and push for transparency and adherence to new, strict global trade rules.

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