Bloomberg: China says rare earth export restrictions are only a response to the US and do not affect normal trade
Bloomberg reported on the 18th, citing informed sources, that Chinese officials participated in the International Monetary Fund (IMF) annual meeting in Washington D.C. this week, and emphasized to international participants that the strengthening of rare earth export controls by China is only a counteraction against the US, and will not damage normal trade.
Related officials said that China seeks to establish a long-term mechanism by strengthening rare earth export controls, with the purpose of countering the US's move to expand export controls to subsidiaries of sanctioned companies.
The report pointed out that the message conveyed by Chinese officials in Washington D.C. is basically consistent with the recent public statements by the Ministry of Commerce. The Ministry of Commerce stated that China's export controls are not intended to prohibit exports, and applications that meet the regulations will be approved.
Commerce Minister Wang Wentao pointed out during a meeting with Apple's CEO Tim Cook on the 16th that recent fluctuations in Sino-US economic and trade relations are mainly due to the US's frequent introduction of a series of restrictive measures against China, which have seriously harmed Chinese interests.
Original: www.toutiao.com/article/1846337861411849/
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