Chinese slam US Nobel Laureate online for rare earth stance

16:35, October 28, 2010      

Email | Print | Subscribe | Comments | Forum 

Paul Krugman, the U.S. Nobel Laureate in Economics, recently raised the hackles of Chinese netizens and the Chinese media after he had published a commentary titled "Rare and Foolish" in the New York Times criticizing China as "a rogue economic superpower."

Some Chinese scholars have said that while China has been providing the world with a lot of cheap rare earth resources for many years, some people in Western countries are just not happy with the fact that China has begun to cherish their own resources.

Some netizens pointed out that China supplies 97 percent of the world's rare earth export at extremely low prices. Therefore, it is reasonable for China to close the door gradually on exporting rare earths. Despite this, what China is doing is gradually reducing its export volume, rather than immediately stopping the exports.

Some netizens have questioned why the United States, which also refuses to sell certain kinds of products to China, is not criticized? What’s wrong with China's rare earth output reduction to protect the environment? Why should China that owns only one-third of the world’s rare earth bear 97 percent of the consumption of the resource?

Some netizens have even angrily denounced Krugman as a rogue economist that talks nonsense.

Recently, the Chinese rare-earth policy has attracted worldwide attention. Although the Ministry of Commerce has denied a media report about further reduction of the rare earth export quota in 2011, it has confirmed that WTO-consistent measures on restrictions of rare earth mining, production and export would continue. A Xinhua report said that the quota for 2011 would be based on the output, domestic and international demand and the need for sustainable development.

"Every country has the right to make reasonable use of its domestic resources...The core purpose (of China's rare earth export restriction) is to protect the environment and achieve sustainable development," said Ma Zhaoxu, spokesperson of China's Foreign Ministry on Oct.19.

By People's Daily Online


  • Do you have anything to say?


Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • Chinese Navy soldiers hold an evening party marking the upcoming 62nd National Day aboard Chinese Navy hospital ship "Peace Ark" in the Pacific on Sept. 28, 2011. The Chinese National Day falls on Oct. 1. (Xinhua/Zha Chunming)
  • Photo taken on Sept. 30, 2011 shows the crowd at the plaza of Beijing Railway Station in Beijing, capital of China. The railway transportation witnessed a travel peak with the approach of the seven-day National Day holidays on Friday. (Xinhua)
  • A man wearing high-heel shoes takes part in the 3rd annual Walk a Mile in Her Shoes, an event when men literally walk in women's shoes to raise awareness about ending violence against women, at Yonge-Dundas Square in Toronto, Canada, Sept. 29, 2011. (Xinhua/Zou Zheng)
  • Photo taken on Sept. 29, 2011 shows a cargo ship in danger on the sea near Zhuhai City, south China's Guangdong Province. Cargo ship Fangzhou 6 of Qingzhou of southwest China's Guangxi Zhuang Autonomous Region lost control after water stormed into its cabin due to Typhoon Nesat on the sea near Zhuhai Thursday, leaving 12 crew members in danger. Rescuers rushed to the ship and saved them by using a helicopter. (Xinhua)
  • Actress Gong Li poses for L'Officiel Magazine. (Xinhua Photo)
  • Demonstrators from the Occupy Wall Street campaign hold placards as they march in the financial district of New York September 29, 2011. After hundreds of protesters were denied access to some areas outside the New York Stock Exchange on September 17, demonstrators set up a rag-tag camp three blocks away. Zuccotti Park is a campground festooned with placards and anti-Wall Street slogans. The group is adding complaints of excessive police force against protesters and police treatment of ethnic minorities and Muslims to its grievances list, which includes bank bailouts, foreclosures and high unemployment. (Xinhua/Reuters Photo)
Hot Forum Discussion