Recently, the United States, Japan, and the European Union have filed a lawsuit against the WTO to restrict China’s restrictions on rare earth exports. The prosecution asked China to lift export restrictions, otherwise trade sanctions will be imposed. China is also not convinced that its goals are in line with WTO rules. Foreign media have different opinions on this. Some think that China is reasonable, and some say that the United States, Japan and Europe will win the case. Industry insiders pointed out that China has met 90% of the world's demand for rare earth resources. Western countries want to find a way to obtain more low-cost rare earth resources from China. China supplies global "industrial gold" Rare earth is called industrial gold, and is widely used in high-tech production fields ranging from mobile phones to computers, batteries to automobiles, and even missiles. At present, 100 million tons of rare earth reserves have been proven in the world, of which China accounts for 36%. Although China is not the country with the largest reserves of rare earths, it has long been responsible for more than 90% of the world's rare earth supply, ranking first in the world. Although the rare earth is good, the waste residue, waste water and waste gas generated during the mining process have caused great damage to the environment. Based on the consideration of protecting the environment and the strategic resources of the country, Western countries such as the United States, which has abundant rare earth resources, have long stopped developing rare earths and have purchased a large number of them from China. Due to disorderly development and competition, China's rare earths have been sold in large quantities in the past few years as "cabbage prices." Since 2008, China has implemented a more stringent management system, including strict export quota management. China's strict management system has made the United States and other Western countries very unhappy: they can't get a lot of cheap rare earths as they used to, and they are suing China to the WTO. China's unreasonable practice against Western countries, China immediately responded. Chinese Foreign Ministry spokesman Liu Weimin said that rare earth is a rare non-renewable resource, and the development of rare earths has an impact on the environment. Based on the consideration of environmental protection and resources, the Chinese government has been engaged in the exploitation, production and export of rare earths for sustainable development. Management measures have been implemented in the links, not just in the export chain, and the relevant measures are in line with WTO rules. The head of the Department of Treaty and Law of the Ministry of Commerce stated that China will adopt a resolute attitude to defend the rare earth export quota system in order to protect resources and the environment and achieve sustainable development. It is not intended to protect domestic industries through trade distortions. It is unreasonable to ask China to oversell and sell. The United States, Europe and Japan spare no effort to seize the policy of China's rare earth export. President Obama himself is still on the scene and personally announced to the WTO to sue China to restrict rare earth exports. It is understood that the WTO will make a ruling around the end of this year. For Western countries that require China to over-sell rare earths, experts point out that this is completely unreasonable. China has already fulfilled its international obligations in excess, and China's practices are in line with WTO rules. Bai Ming, deputy director of the International Market Research Department of the International Trade and Economic Cooperation Research Institute of the Ministry of Commerce, told this reporter that according to the WTO rules, it is forbidden to impose restrictions on exports, but the resources that are unfavorable to the ecological environment are exceptional. China just fits this one. Miao Wei, Minister of Industry and Information Technology, pointed out that if China's development of rare earths is indiscriminately exploited and destroyed resources and the environment, some varieties may only be 20 years old according to the proven and actual exploitation. After 20 years, some species in the world have dried up, which is a huge damage to all mankind. The British "Financial Times" also published a social commentary said that it is reasonable for the Chinese government to strengthen the management of rare earths to carry out industry rectification. In this industry, the phenomenon of irresponsible miners mining is everywhere. China has reason to implement industry consolidation for environmental and safety reasons. The editorial also said that the lawsuit may have overstated the geostrategic panic caused by China's dominant position in the supply of rare earths. The Chinese government's measures to tighten export quotas have made importers feel a sense of vulnerability. But they don't have to worry about it. Forcing China's exports is a rush to resources Experts point out that countries such as the United States and Europe are always used to playing double standards in protecting their own economic interests. Bai Ming said that nowadays, some countries have dual trade protection measures. For products that they do not lack, they will close the market for China and force us to sell them. What they are scarce will force China to sell. Zhang Yansheng, secretary-general of the Academic Committee of the National Development and Reform Commission, said that rare earths are like this. Originally, there was no problem in China's control, but the cost of Western imports was raised. The West said that this would not work. They have the right to speak and can say bad things as good. In short, they must be in their interests. In fact, China's rare earth export policy has not affected the world's use of rare earths. "China’s export quotas last year only used half, not that we don’t sell them, they don’t buy them.†Bai Ming said that they are suing China now, not because they can’t buy rare earths, mainly because they are too expensive. . The rarer the rare earth resources are mined, the more expensive they will sell, the more oil and iron ore. The motivation for the United States and other countries to sue China is that Sima Zhao’s heart is well known: low-cost smashing rare earth resources. Some Western countries do not exploit their own rare earth resources, and in the face of strategic reserves, they are forced to export rare earths at low prices. It is reported that Japan only uses one-third of the total imports of rare earths for production, and the rest is used as a strategic reserve. Jiang Yong, director of the Center for Economic Security Research of the China Institute of Contemporary International Relations, believes that the United States is going to defeat China’s strategic resources and they will dismantle your resource dominance from all sides.
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