Government and Policy

China to improve regulation of rare earth exports

(Xinhua)
Updated: 2011-07-06 14:27

BEIJING - China's deputy commerce minister said on Wednesday that the country will continue to improve its regulations regarding the export of rare earth according to both Chinese law and the regulations of the World Trade Organization (WTO).

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Zhong Shan made the remarks at a rare earth export conference held in North China's Inner Mongolia autonomous region.

"Rare earth metals are non-renewable resources of great strategic importance. Improving the regulation of rare earth exports will help us to protect the environment and promote industrial restructuring, as well as allow the rare earth industry to develop in a healthy way," Zhong said.