Relevant officials of the National Development and Reform Commission of China said that China adheres to the principle of giving priority to the domestic needs of rare earth resources and is willing to meet the legitimate needs of the world for rare earth resources.
The growing tension between China and the United States has raised concerns that the Chinese government may use its dominant position as a rare earth supplier to leverage the trade war between the two countries.
Asked whether rare earth, as China's dominant strategic resource, could be an important counter-countermeasure against the United States, as the current escalating economic and trade frictions between China and the United States continued to escalate, the official said, "If anyone wants to use the products made by our export of rare earth to curb and suppress China's development, the Chinese people will not be happy."
"Regarding the Sino-US economic and trade frictions, the relevant departments have made solemn statements on many occasions. I would like to reiterate here that the industrial chains of China and the United States are highly integrated and complementary, and that the so-called"combination of two benefits and struggle is both harmful"and that there is no winner in the trade war. The official pointed out.
Earlier today, Hu Xijin, editor-in-chief of the official Chinese media Global Times, tweeted that China was "seriously considering" restrictions on rare earth exports to the United States.
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