Analyze the dominance of China in the hi-tech industry. What scarce resource is extracted from the Earth to support this dominance?(1 point)Responseswaterwaterpriceless gemspriceless gemsrare earth elementsrare earth elementsoil
China's dominance in the hi-tech industry can be attributed to its abundant reserves of rare earth elements. These elements are crucial for the production of various technologies such as smartphones, electric vehicles, and renewable energy systems. China currently produces over 80% of the world's rare earth elements, giving it a significant advantage in the global market.
The scarce resource extracted from the Earth to support China's dominance in the hi-tech industry is rare earth elements. These elements are not only essential for technological advancements but are also limited in quantity, making them a valuable resource for countries looking to establish themselves as leaders in the technology sector.