Latest News:  
Beijing   Sunny/Overcast    10 / 4   City Forecast

People's Daily Online>>China Business

China's rare earth policy justified: spokesman

(Xinhua)

13:55, March 15, 2012

BEIJING, March 15 (Xinhua) -- China's restrictions on rare earth exports are justified and are in line with World Trade Organization rules, Shen Danyang, spokesman for the Ministry of Commerce, said Thursday.

"The policy aims to protect resources and environment, and realize sustainable development. China has no intention of restricting free trade or protecting domestic industries by distorting its foreign trade," Shen said at a regular press conference.

Faced with mounting resource and environment pressures, the government has restricted the development of heavy energy consumption, heavy pollution and resource-related industries in recent years, which helped promote not only the country's scientific development but also the world's sustainable growth, Shen said.

On Tuesday, the European Union, United States and Japan formally asked the WTO to settle a dispute with China over restrictions placed on exports of raw materials including rare earth elements.

"China will properly deal with the dispute settlement request in accordance with WTO rules," the spokesman said

The country supplies more than 90 percent of rare earth products on the global market, but its reserves only account for about one-third of the world's total. Disorderly mining of rare earths has been blamed for environmental damage in rare-earth-rich regions across China.

Email|Print|Comments(Editor:雪萌)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. "Little Potala Palace" attracts millions of tourists

  2. Chinese version of Charles III rehearsed in Beijing

  3. Chinese medical team leaves for Liberia

  4. Animals enjoy spring sunshine

Most Popular

Opinions

  1. China's development contributes world economy
  2. China's diplomacy needs courage and strategy
  3. Death penalty does not hold answer to corruption
  4. Socialist democracy to illuminate China's future
  5. Truth about Tibet is slowly coming to light
  6. Expert: Glitter of foreign diploma to fade away
  7. NPC reform reflects vote of confidence
  8. Facing problems forges confidence for development
  9. Defense budget guards peaceful intentions
  10. Will China's economy keep growing or slow down?

What's happening in China

Ship sunk in Guangxi fatal collision located

  1. Shanghai lags Beijing on city competitiveness
  2. Privacy becomes core healthcare issue
  3. Dongfeng Honda recalls cars with defective horns
  4. China to regulate online group buying
  5. SW China police bust drug trafficking ring

PD Online Data

  1. Spring Festival
  2. Chinese ethnic odyssey
  3. Yangge in Shaanxi
  4. Gaoqiao in Northern China
  5. The drum dance in Ansai