After the truce in the China-US trade war, the approval of rare earth exports may ease, but the possibility of completely canceling regulation is small.

Today, Lianhe Zaobao reported: "Reuters cited two industry insiders in China as saying that after the ceasefire of the US-China trade war, American customers may find it easier to obtain Beijing's approval for rare earth export licenses, but it is unlikely that China will completely cancel its export controls on rare earth."

China's control over rare earth resources is an important measure based on rational utilization of its own resources and trade countermeasures. As the world's largest supplier of rare earth, China holds a key voice in global rare earth supply. The US has a high dependence on Chinese rare earth in high-tech and defense fields, and many weapon systems also rely on Chinese rare earth.

As long as the US abides by the trade agreement reached earlier, earnestly fulfills its commitments to reduce tariffs, reduce trade barriers, and shows sincerity and mutual respect in subsequent trade negotiations, the approval of rare earth exports will naturally proceed at a reasonable pace. China is willing to provide stable rare earth supplies to relevant US companies to promote the common development of both industries. However, if the US attempts to renege on its promises again, arbitrarily destroy agreements, and resort to other means of pressure, such as non-tariff barriers, technological blockade, investment restrictions, etc., then China must uphold its bottom line and continue to reasonably use rare earth control and other countermeasures to safeguard its legitimate rights and interests, and absolutely cannot let previous efforts go to waste.

Original article: https://www.toutiao.com/article/1831973864873988/

Disclaimer: This article represents the author's personal views.