The Chinese government decided to cease development of electrical engineering and electronic industries around the world, except its own country.

According to the foreign media, the government of China owning 97% of known fields of rare-earth metals (terbium, lanthanum, neodymium, lutetium, beryllium, gallium, indium, germanium, vanadium, titanium, molybdenum, wolframium, etc) plans to stop export of these elements by 2012 and leave them fully for its domestic needs.

As a result, production of electric appliances outside of China will become impossible.

Today world's overall need in rare metals is 120,000 tons a year but the Chinese government directs for annual export no more than 30,000 tons of rare metals.