Latest News:  
Beijing   Moderate rain    25 / 20 ℃  City Forecast

Home>>China Business

China defends rare earth export policy adjustment


08:20, June 29, 2012

BEIJING, June 28 (Xinhua) -- A Foreign Ministry spokesman defended China's policy adjustment on rare earth exports on Thursday, stating that setting quotas is aimed at protecting the environment.

"China adjusted its export policy entirely for the sake of environmental protection instead of trade distortion or the protection of domestic industries," spokesman Hong Lei said during a regular press briefing.

His comments came in response to a question regarding criticism by the United States of China's rare earth export policy.

The U.S. government announced Wednesday that it has asked the World Trade Organization to make more efforts to settle a trade dispute with China over its export quotas on rare earth metals and other materials.

China has previously discussed the issue with relevant parties, Hong said, adding that the country will set its future quotas in accordance with

global market demand and available supplies.

"We hope countries rich in rare earth resources will actively boost the exploitation and production of rare earth," Hong said.

According to a government white paper issued last week, China will implement stricter environmental standards and protective exploitation policies for its rare earth industry.

The country will continue to intensify regulations for the sector while supplying the global market in line with WTO rules, said the white paper.

As a rule, the WTO allows members to take necessary measures to protect their resources and environments. The organization allows export restraints if they are accompanied by simultaneous restrictions over domestic production or consumption.


Leave your comment0 comments

  1. Name


Selections for you

  1. Li Na out at Wimbledon Championships

  2. Int'l Tourism Festival of Imperial Palace opens

  3. Chinese servicewomen

  4. Waterfall of Xiaolangdi

Most Popular


  1. 'Global effort needed to fight corruption'
  2. New welfare stock accounts' impact limited
  3. Leftover men to be a big problem
  4. A symbol of affluence or a trap of luxury?
  5. Premier's visit sign of close ties with region
  6. Property necessary pill for economy
  7. Chinese banks must go global
  8. Putin's visit to Israel more symbolic than strategic
  9. Syria's new government faces escalation of tension
  10. Trade is tool to fix global economy

What's happening in China

11th China Shenyang Int'l Automobile Industry Expo kicks off

  1. Land sales warm up despite tightening measures
  2. China's June inflation to ease: bank report
  3. First mainland bank branch opens in Taiwan
  4. Reports of HK's 'death' greatly exaggerated
  5. Latest food scare leads to milk recall

China Features

  1. US-Japan-ROK drills aim to fix alliance weakness
  2. Why Chinese listed companies withdraw from US?
  3. Dreams can challenge any depth, height
  4. How can traditional Chinese medicine earn trust?
  5. Eurozone should move forward or it will fall over

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