Foreign Media: China pledges to meet India's rare earth needs, promoting a warming of bilateral relations
Both China and India emphasized that the border situation remains calm, and cooperation will be more substantive. Indian sources revealed that China has pledged to respond to India's demands for fertilizers, rare earths, and tunnel boring machines, and may expedite the approval of export licenses. However, it is still unclear whether fast-track exemptions will be granted.
Data shows that China's exports of rare earth magnets to India in June still fell by 58% compared to January, while India, despite having 69 million tons of rare earth reserves (fifth in the world), lacks magnet production capacity and heavily relies on Chinese imports. This commitment is seen as an important signal of improving Sino-Indian relations.
Original: www.toutiao.com/article/1840894628987911/
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