Some general license applications for rare earth exports submitted by Chinese exporters have been approved, commerce ministry spokesman He Yadong said at a press conference in Beijing on Thursday.
The spokesman made the remarks in response to a media inquiry about the latest development of China's export controls on rare earth-related items.
"Since the implementation of export controls on rare earth-related items, competent authorities have briefed Chinese exporters on the policies. With accumulated experience in export and compliance, some Chinese exporters have preliminarily met the basic requirements for applying for general licenses. As far as I know, some applications for general licenses submitted by Chinese exporters have already been received and approved," he said.
China approves some general license applications for rare earth exports: spokesman
China hopes the European Union (EU) to restrain and show prudence in using restrictive tools in trade, said He Yadong, spokesman for the Ministry of Commerce, at a press conference in Beijing on Thursday.
"China always believes that China-Europe economic and trade relations are to complement each other's advantages, mutually beneficial, and win-win cooperation by nature. China-Europe economic and trade cooperation is the outcome of joint action of multiple factors, including industrial structure differences unique to each side's stages of economic development and changes in market demands," said He.
"We have noticed that the EU has constantly intensified restrictions on economic and trade with China in the recent time, and has launched 12 trade remedy investigations and 3 foreign subsidies investigations against China this year. It has also blocked multiple Chinese enterprises from participating in its member states' public procurement and greenfield investment. We hope that the EU will work with China to uphold the important consensus reached at the meetings between Chinese and EU leaders, jointly oppose trade protectionism, maintain open markets, restrain and remain prudent in using restrictive tools in trade, and provide a fair, transparent, non-discriminatory, and predictable business environment for Chinese enterprises to engage in trade and investment cooperation in Europe," said He.
China expects EU to restrain using restrictive tools in trade
