China's Ministry of Commerce on Saturday defended the country's export control measures on rare earth-related items, emphasizing that these rules are in line with the law and help uphold world peace and regional stability.
A spokesperson explained that while some countries have expressed concerns, China has approved a number of export license applications to meet the rising demand for medium and heavy rare earth elements. This surge is driven by booming industries like robotics 🤖 and new energy vehicles 🚗, sectors that are reshaping our tech-driven future.
This proactive approach reflects the nation's commitment to balancing market needs with global stability. As the demand for innovative technology grows, China's careful regulation of rare earth-related exports aims to maintain both economic strength and international peace.
Reference(s):
cgtn.com
