Some media have recently disclosed that the 2009-2015 "Special Plan for the Development of Rare Earth Industry" has been revised. The new plan is expected to continue to reduce the export volume of rare earth primary products. As soon as the news came out, some Western media began to worry that if China strictly restricted the export of rare earths, the large-scale manufacturing industry in the western countries would face a situation of "no rice." Experts believe that due to the important strategic position of rare earths in the country, China should protect it, which does not violate the rules of the WTO.
Rare earth is not earth. It is an important strategic resource, especially the important raw materials of high-tech industries, such as some precision strike weapons in military equipment. Some auto parts and high-tech products rely on components made of rare earth metals.
This rare strategic resource is mainly concentrated in China. Therefore, some Western media commented that when allocating such precious resources, it is China that is favored by God.
Li Gang, director of the European Department of the International Trade and Economic Research Institute of the Ministry of Commerce, said: The industrial development of our country in this respect is relatively fast. From the perspective of proven reserves and production capacity, it should be said that the family is more clear.
It is understood that China is the only country that can provide all 17 kinds of rare earth metals, accounting for 95% of the world's reserves. It is a veritable "rare earth country". Japan, Europe and North America are all major markets.
However, China's rare earths with such huge monopoly potential have been sold to the price of soil for many years, and pricing power has always been in the hands of countries such as Europe and the United States.
Cui Fan, an associate professor at the School of International Economics and Trade at the University of International Business and Economics, pointed out: For a long time, the international trade community has complained that China sells rare earths to earth. There is no coordination in various parts of the country, and we are rushing to export. For the sake of departmental interests or local interests, we are competing to suppress prices and consume our natural resources too much.
Due to the large number of exports of rare earths in China for many years, Europe and the United States have been hoarding at extremely low prices every year. Once the rare earth resources are in short supply, they will use the rare earths purchased from China to suppress the "China price."
Feng Lei, a researcher at the Institute of Finance and Trade of the Chinese Academy of Social Sciences, pointed out that this is very unfavorable for China's trade status.
Feng Lei: "A lot of the export of resource products is actually a primary trade status, which is obviously unfavorable to China."
In recent years, the Chinese government has begun to restrict the export of rare earths. Introducing new plans is one of the important steps in protecting scarce strategic resources. Cui Fan said: "Controlling exports, from the perspective of China, is based on long-term interests and economic interests. We have certain rationality in export restrictions on resources that can have a certain price impact."
Li Gang pointed out that China's restrictions on rare earth exports have caused concern in some Western countries, and even resorted to the World Trade Organization some time ago, but in fact, restricting the export of rare metals does not violate the rules of the WTO.
Li Gang: "In the WTO multilateral trading system, there is no strict regulation on the issue of a country's export restrictions. The second is that we have not done this in the protocol to join the WTO at the end of 2001. Promise of."
In fact, not only is China increasing the protection of rare earth resources year by year. As early as 1999, the United States has gradually stopped mining its rare earth resources. China's neighboring Japan has been building rare metal reserves systems and bases since 1983; South Korea also decided in 2008 to adopt a partnership between official and private companies to plan to increase the size of rare metal reserves.
Rare earth is not earth. It is an important strategic resource, especially the important raw materials of high-tech industries, such as some precision strike weapons in military equipment. Some auto parts and high-tech products rely on components made of rare earth metals.
This rare strategic resource is mainly concentrated in China. Therefore, some Western media commented that when allocating such precious resources, it is China that is favored by God.
Li Gang, director of the European Department of the International Trade and Economic Research Institute of the Ministry of Commerce, said: The industrial development of our country in this respect is relatively fast. From the perspective of proven reserves and production capacity, it should be said that the family is more clear.
It is understood that China is the only country that can provide all 17 kinds of rare earth metals, accounting for 95% of the world's reserves. It is a veritable "rare earth country". Japan, Europe and North America are all major markets.
However, China's rare earths with such huge monopoly potential have been sold to the price of soil for many years, and pricing power has always been in the hands of countries such as Europe and the United States.
Cui Fan, an associate professor at the School of International Economics and Trade at the University of International Business and Economics, pointed out: For a long time, the international trade community has complained that China sells rare earths to earth. There is no coordination in various parts of the country, and we are rushing to export. For the sake of departmental interests or local interests, we are competing to suppress prices and consume our natural resources too much.
Due to the large number of exports of rare earths in China for many years, Europe and the United States have been hoarding at extremely low prices every year. Once the rare earth resources are in short supply, they will use the rare earths purchased from China to suppress the "China price."
Feng Lei, a researcher at the Institute of Finance and Trade of the Chinese Academy of Social Sciences, pointed out that this is very unfavorable for China's trade status.
Feng Lei: "A lot of the export of resource products is actually a primary trade status, which is obviously unfavorable to China."
In recent years, the Chinese government has begun to restrict the export of rare earths. Introducing new plans is one of the important steps in protecting scarce strategic resources. Cui Fan said: "Controlling exports, from the perspective of China, is based on long-term interests and economic interests. We have certain rationality in export restrictions on resources that can have a certain price impact."
Li Gang pointed out that China's restrictions on rare earth exports have caused concern in some Western countries, and even resorted to the World Trade Organization some time ago, but in fact, restricting the export of rare metals does not violate the rules of the WTO.
Li Gang: "In the WTO multilateral trading system, there is no strict regulation on the issue of a country's export restrictions. The second is that we have not done this in the protocol to join the WTO at the end of 2001. Promise of."
In fact, not only is China increasing the protection of rare earth resources year by year. As early as 1999, the United States has gradually stopped mining its rare earth resources. China's neighboring Japan has been building rare metal reserves systems and bases since 1983; South Korea also decided in 2008 to adopt a partnership between official and private companies to plan to increase the size of rare metal reserves.
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