Caixin
Caixin Global – Latest China News & Headlines

Home >

ABOUT US

CX Tech is Caixin Global's real-time tech news portal, featuring 24-hour news, short-form analysis, and roundups from business and tech media in China.

LATEST
Trending in China – Clothing Company Picks Fight With Shaolin Kung Fu Monastery
Trending in China: Medical Drama Salutes Pandemic Heroes but Stirs Sexism Debate
Trending in China – Can Universities Stop Students Wasting Food And Keep Them Happy?
Alibaba Unveils Delivery Robot to Meet ‘Last-Mile’ Demand
Alibaba Launches Palm-Sized Cloud Computer With ‘Almost Unlimited Computing Resources’
China’s National Science Academy Vows to Close Tech Gaps in 10 Years
Trump’s WeChat Ban May Face Temporary Halt by U.S. Judge
Tencent Clinches Deal to Show England’s Premier League in China
Alibaba Unveils ‘Digital Factory’ as Part of Its ‘New Manufacturing’ Strategy
Trending in China: Basketballer Jeremy Lin - Dream Chaser or Delusional? Netizens Divided as Star Leaves CBA for NBA
Trending in China – The Case of the ‘Missing’ iPhone12
Kuaishou Logs 500 Million Online Shopping Orders in August
U.S.-Listed Chinese Delivery Firm ZTO Express Plans to Raise Up to $1.6 Billion in Hong Kong Secondary Listing
Xiaomi Vice Chairman Promises Not Sell More Stock After Selling Over $1 Billion in Company Shares
Autohome Plans $1 Billion Hong Kong Second Listing
Video Streamer iQiyi Kicks Up Its Sports Game with FC Barcelona Tie-Up
Global First as Potential Nasal Spray Covid-19 Vaccine Proceeds to Clinical Trial Phase
JD.com’s Fintech Unit Plans to Spend $230 Million to Get Second Payment License
Trending in China – A Fight Over Steamed Buns Causes Netizens to Ask Whether Traditional Brands Can Survive in the Modern Era
Loss Making Evergrande’s Electric Vehicle Subsidiary to Raise $516 Million from Investors Including Tencent
China Warns Against Use of Rare Earths to ‘Suppress Its Development’

By Qing Ying and Teng Jing Xuan / May 30, 2019 04:17 PM / World

Photo: IC Photo

Photo: IC Photo

Beijing has warned it will not tolerate the use of Chinese rare earth products to “suppress China’s development,” following reports that the country may restrict exports of the materials to the U.S. as part of an ongoing trade conflict.

Rare earths are used in the manufacture of a wide range of products, including consumer electronics, military equipment and gasoline.

"China upholds the policy of open and cooperative sharing,” Commerce Ministry Spokesperson Gao Feng said Thursday, adding that China, the world’s largest supplier of the minerals, was “willing to satisfy the reasonable demand for rare earths of any country.”

However, Gao said, “If any country wishes to use rare earths exported by China to manufacture products to suppress China’s development,” this would be “hard to accept.”

Related: Rare Earth Stocks Rise on Back of Trade War Concerns

Share this article
Open WeChat and scan the QR code