China's rare earth policy justified
Updated: 2012-03-15 13:41
(Xinhua)
|
||||||||
BEIJING - China's restrictions on rare earth exports are justified and are in line with World Trade Organization rules, Shen Danyang, spokesman for the Ministry of Commerce, said Thursday.
"The policy aims to protect resources and environment, and realize sustainable development. China has no intention of restricting free trade or protecting domestic industries by distorting its foreign trade," Shen said at a regular press conference.
Faced with mounting resource and environment pressures, the government has restricted the development of heavy energy consumption, heavy pollution and resource-related industries in recent years, which helped promote not only the country's scientific development but also the world's sustainable growth, Shen said.
On Tuesday, the European Union, United States and Japan formally asked the WTO to settle a dispute with China over restrictions placed on exports of raw materials including rare earth elements.
"China will properly deal with the dispute settlement request in accordance with WTO rules," the spokesman said
The country supplies more than 90 percent of rare earth products on the global market, but its reserves only account for about one-third of the world's total. Disorderly mining of rare earths has been blamed for environmental damage in rare-earth-rich regions across China.
Relief reaches isolated village
Rainfall poses new threats to quake-hit region
Funerals begin for Boston bombing victims
Quake takeaway from China's Air Force
Obama celebrates young inventors at science fair
Earth Day marked around the world
Volunteer team helping students find sense of normalcy
Ethnic groups quick to join rescue efforts
Most Viewed
Editor's Picks
![]()
|
![]()
|
![]()
|
![]()
|
![]()
|
![]()
|
Today's Top News
Health new priority for quake zone
Xi meets US top military officer
Japan's boats driven out of Diaoyu
China mulls online shopping legislation
Bird flu death toll rises to 22
Putin appoints new ambassador to China
Japanese ships blocked from Diaoyu Islands
Inspired by Guan, more Chinese pick up golf
US Weekly
![]()
|
![]()
|