China meets WTO rules for rare earths management without bargaining tools

China's new office this morning on the first three quarters of the industrial communications industry, such as the operation of the situation held a conference, please Goodspeed, chief Engineer of Industry and Information Department, to introduce the status of the industrial communication industry in the first three quarters, and to explain the current problems in the industrial field, and to answer the questions.　　On the issue of China's rare-earth exports, Goodspeed said China had an orderly management of Rare-earth mining, production and trade, a practice consistent with WTO rules and that China would not use rare earths as a bargaining tool.　　Goodspeed said that the role of the export management of rare earths in the Ministry of Commerce, Commerce Minister Chen Deming has made a lot of discussion on this issue on different occasions, I would like to introduce the situation from the industry management of rare earths. China is the world's largest producer and exporter of rare earths. The identified reserves of rare earth resources accounted for 55.7% of the world, exports accounted for more than 90% of the international market share. In the past production process of rare earths in China, there are a series of problems, such as extensive way of development, serious waste of resources and so on, especially some enterprises have weak environmental awareness and serious environmental pollution.　　In response to this situation, China's mining, production and trade in rare earths have been administered in an orderly manner, which conforms to the WTO rules, and China's Rare-earth production applications and exports should consider both the promotion of economic development and the protection of resources and environment and other factors. China will not use rare earths as a bargaining tool, and China hopes to achieve mutually beneficial cooperation with countries in the use of Rare-earth resources in cooperation, development and mutual win, while protecting such a non-renewable resource.