A few suggestions for China’s rare-earth policy

By Hu Weijia Source:Global Times Published: 2019/6/17 21:33:41

China's top economic planner said on Monday that it will study and roll out policies on rare earths as soon as possible. 

The news came just two weeks after the ag8手机版National Development and Reform Commission (NDRC) took the unusual step of holding three meetings to solicit opinions from rare-earth regulators, experts and enterprises. No detailed policies have yet been released, but there are recommendations from industry insiders that we believe the government may study in the coming weeks.

First, US defense manufacturers - and companies that adopt discriminatory measures such as cutting supplies to Chinese entities including Huawei - are likely to be among the first entities to face restrictions on buying China's rare earths. 

Meng Wei, spokesperson for the NDRC, reaffirmed at a press conference Monday that Beijing firmly opposes any attempt to use products made with China's rare-earth resources to curb the nation's development. Second, Beijing should work out a negative list of foreign end-users of China's rare earths, and any companies that aren't on the list could be allowed to become end-users of China's rare earths. Overseas buyers, as the middlemen between China's exporters and end users, need to provide information on their end users. They will face penalties if those customers are on China's negative list. 

Third, China must close loopholes in its export quota system to ensure zero smuggling and zero illegal exports of rare earths.

Fourth, a traceability system and a security review mechanism for rare earths should be rolled out as soon as possible to tighten management of rare-earth enterprises, especially foreign-invested companies, to strengthen supervision of the whole industry.

According to Meng, industry experts who attended the three meetings suggested China should strengthen export controls and establish a tracing and review mechanism for rare earths. 

China is marshalling information on its rare earth resources with a draft regulation released last week by the ag8手机版Ministry of Industry and Information Technology to set standards for the packaging, marking, transportation and storage of rare-earth products. Meng said China has been expeditiously studying policies to give full play to the special value of rare earths. The four steps above can help China reach its goal of fully utilizing its dominance in the production of rare earths amid an escalation of the trade war provoked by the US. 

The author is a reporter with the Global Times. bizopinion@globaltimes.com.cn


澳大利亚拟严查移民 申请者赴澳前纪录或被审查 英国将派两栖船坞登陆舰前往东北亚与日本合练 被朝鲜释放的三名美国囚犯是什么人? 伊拉克大选初步结果 反美领袖萨德尔暂时领先 教育部长:实施“奋进之笔”要把握好“十个度” 一套操作搞蒙了4个人!这是巅峰风之子的招牌 中国经济如何跑好高质量发展马拉松?李稻葵建言 外媒评排坛八大新星 李盈莹和15岁俄小将上榜 进球gif-博阿滕附体?金英权再背锅 拉维奇扳平 杨震足彩:那不勒斯防平局 马尔默坐和望赢 希腊森林大火致74死 幸存者:与死神擦肩而过 张维迎林毅夫再论战:经济学家都是段子手
中小学迎来开学季 多地推新学期“政策礼包” 国际社会关注全国人大通过国务院机构改革方案 港交所:任命查史美伦为下一届港交所主席 美媒怂恿乌克兰炸克里米亚大桥 俄中将:白日做梦 Uber又一高管离职:加盟近5年 传言对公司不满 急速“膨胀”的吉利:净利10年暴增10倍 贸易战忧虑缓解美指反弹 但强势美元恐非经济福音! 巴黎新帅:内马尔是球队核心 不会盲目模仿瓜帅 加拿大多伦多枪击案致3死12伤 枪手死亡 荷兰代表:安理会12日将讨论叙停火决议履行情况 最强锋线双剑合璧!\"鸡牛\"双引擎加速冲击令人胆寒 伊朗外长旋风出访中俄欧盟 为伊核协议最后一搏?
上期所举办期货公司合规监管座谈会 传美国同意蔡英文过境洛杉矶 将派助理国务卿迎接 日本人几乎不打狂犬疫苗 为啥60年来没有一起病例 牛市9周年纪念日 美股盘中大涨纳指创历史新高 关于国务院机构改革方案的说明 乐天玛特出售21家北京店铺 销售损失已达70多亿 武宫正树谈高尔夫:一年70场 把球打出去太爽 中国科学院院士周尧和因病去世 享年92岁(图) 60岁老赖欠3千万 整容成“少女”隐匿财产玩失踪 白手起家创业点子 在家赚钱的十种方法 现在开什么店最挣钱 未来10年最赚钱行业 ag8手机版