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09 de Marzo, 2012 · General

Wests rare earth claim against China unreasonable

Edited and translated by Li Kunlun, People's Daily OnlineRecently, the United States, Japan and the European Union have filed a case against China at the World Trade Organization, challenging anchor watches price its restrictions on rare earth exports, which aroused public attention again. Western countries have launched attack wholesale phones on China over the issue of rare earth many times since China began to strengthen the management and production. They accused China of breaking agreed rules by setting quotas for exports of rare earth and pocket watch necklace some media even criticized it "as a selfish behavior". It is unreasonable, as the proverb goes, ¡°Give a dog a bad name, and hang him¡±. China has more than 36 percent of world¡¯s rare earth deposits but accounts for 90 percent of the world's exports market share. Although it decreased in the past few years, the export quotas are still higher than the demand of the world market. Besides setting quotas for rare earth exports, China also takes measures to manage rare earth's exploitation, production and other activities. China complies with the rules of WTO environmental exceptions by treating domestic and foreign industries without discrimination, rather than "protects the domestic industries in a distorting way" as the western countries speculate. In fact, it is not China that is selfish but the United States, the EU, and Japan that are aggressive. They know deeply the importance of protecting the rare earth resources and had already banned or restricted the exploitation of their own rare earth. China has done nothing more than reversing the long-standing, out-of-order mining conditions, focusing on domestic economic and environmental development, international trade balance as well as sustainable development.

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