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China Meets R&D, EV Targets, Reinforces Rare-Earth Dominance

7/7/2026

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China Meets Targets
  • China is on track to meet its Five-Year Plan targets for R&D, green economy, electric vehicles and transformation.
  • German observers who doubted China’s ability to innovate now regard that doubt as a major misconception.
  • Xi Jinping echoed Deng Xiaoping’s 1992 warning that China’s rare-earth strategy makes it essential to global production chains.
  • Studies say Europe would need about ten years to cut reliance on Chinese permanent magnets if supplies stopped.
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