Skip to Content Facebook Feature Image

Rare earth export controls are legitimate move: Chinese Ministry of Commerce

China

China

China

Rare earth export controls are legitimate move: Chinese Ministry of Commerce

2025-10-17 02:22 Last Updated At:15:07

China's recently announced export controls on rare earths are legitimate measures aimed at improving its export control system and preventing illegal use, a Ministry of Commerce spokeswoman said at a press conference on Thursday.

"China's recent rare earth export control measures are a legitimate step in improving its export control system, in accordance with laws and regulations. The goal is to prevent the illegal outflow of rare earths and their possible diversion to improper uses, such as weapons of mass destruction, and to better safeguard China's national security and global security. The foreign rare earth products subject to these controls only include major products, such as rare earth magnets and related components, and rare earth targets, already on China's export control list. Prior to the issuance of these measures, China notified several countries and regions, including the United States, Europe, and Japan, and is continuing friendly communication with relevant countries and regions on facilitating the export control measures," ministry spokeswoman He Yongqian said.

Rare earth export controls are legitimate move: Chinese Ministry of Commerce

Rare earth export controls are legitimate move: Chinese Ministry of Commerce

Rare earth export controls are legitimate move: Chinese Ministry of Commerce

Rare earth export controls are legitimate move: Chinese Ministry of Commerce

China's outstanding aggregate social financing -- the total amount of financing to the real economy -- reached 442.12 trillion yuan (about 63.4 trillion U.S. dollars) as of the end of 2025, up 8.3 percent year on year, central bank data showed on Thursday.

The country's aggregate social financing stood at 35.6 trillion yuan (about 5.1 trillion U.S. dollars) in 2025, up by 3.34 trillion yuan (about 479 billion U.S. dollars) from the year 2024, said the People's Bank of China (PBOC), the country's central bank.

According to the data, the M2, a broad measure of money supply that covers cash in circulation and all deposits, increased 8.5 percent year on year to 340.29 trillion yuan (about 48.8 trillion U.S. dollars) as of the end of December.

In addition, outstanding yuan loans stood at 271.91 trillion yuan (about 39 trillion U.S. dollars) at the end of 2025, up 6.4 percent year on year.

China's aggregate social financing maintains high growth in 2025

China's aggregate social financing maintains high growth in 2025

Recommended Articles