Last update: Wednesday 3/4/26 3:15pm
Deng Xiaoping, the 'father of modern China', implored his country's leaders in 1992 to greatly enhance its power by attaining a position of unchallengeable dominance of the world's markets rare earth elements (REEs). Rare earths would be for China what oil was for the Middle East. Ever since then, China has been developing an ecosystem that is centered on its rare earth mining and processing assets.
China's evolving ecosystem facilitated the phenomenal success that Steve Jobs achieved by locating the production of his visionary iPhone in China. In other words, China's successful production of Jobs' vision was a 'proof of concept' for Deng's vision. China's ecosystem would ensure that the iPhone's success would be a prototype for future success, not a never-to-be-repeated one-off.
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