New Delhi: Beijing has flipped the script on Washington. After years of accusing the United States of policing global trade, China is now doing the same. In a move that stunned international markets, Beijing has ordered foreign firms to seek government approval before exporting any product that contains even traces of Chinese rare earth materials or uses Chinese technology.

The rule’s reach is massive. Even a smartphone maker in South Korea would now need Beijing’s clearance to sell devices in Australia if the phones contain China-originated materials. This rule gives China control over basically the entire global economy in the technology supply chain.

Borrowing From Washington’s Playbook

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This new rule mirrors America’s own “foreign direct product”

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