China responds to progress on rare earth exports: is reviewing and approving, and has received notification from the US to lift restrictions

China responds to progress on rare earth exports: "Review and approval is underway, and we have received notification from the US side to lift restrictions"

The Chinese Ministry of Commerce stated that products such as rare earths originally subject to export controls are "under review for export applications and are being approved." Additionally, it said,

it has also received notice from the US side regarding the measures to lift export restrictions on China.

On the 4th, He Yongqian, a spokesperson for the Chinese Ministry of Commerce, released a statement on the official website, responding to reports that the US government had lifted some export restrictions on semiconductor design software, ethane, and aviation engines targeted at China. He stated, "We have received the notification."

Previously, senior officials from China and the United States held talks in London on the 10th of last month and reached a consensus on China's rare earth export licenses and the US easing restrictions on technology exports to China.

Bloomberg and other media reported on the 2nd (local time) that "the export restrictions on semiconductor design software and ethane imposed by the Trump administration last month have been lifted." It is also reported that the US allows its own aviation engine manufacturer GE Aerospace to resume exporting jet engines to Chinese commercial airlines (COMAC, C919).

The Chinese Ministry of Commerce stated, "The two countries are accelerating the implementation of the results of the consensus," and "the Chinese side is legally and in accordance with regulations approving export license applications for controlled items that meet the conditions. The US side has also taken corresponding measures." The Ministry added, "We hope both sides will work together to promote the stable and sustained development of bilateral trade and economic relations."

On the other hand, the Chinese Ministry of Commerce announced on the same day that "the State Council Tariff Schedule Committee will impose anti-dumping duties on imported brandy produced in the EU starting from the 5th." Specifically, a countervailing tariff of 27.7% to 34.9% will be imposed on enterprises producing 200-liter (l) packaged distilled wine (commonly known as brandy) for five years.

Previously, China expressed opposition to the EU's initiation of a trade investigation into Chinese electric vehicle subsidies and conducted an anti-dumping investigation.

Sources: Korea Central Daily

Original: https://www.toutiao.com/article/1836954083808456/

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