China Dismisses Europe Concerns Over Rare Earth Export Controls
China Dismisses Europe Concerns Over Rare Earth Export Controls

China Dismisses Europe Concerns Over Rare Earth Export Controls

News summary

Chinese Foreign Minister Wang Yi addressed concerns from European companies regarding China's export controls on rare earth elements during a joint press conference in Berlin. Wang emphasized that rare earth exports have never been, and should not become, an issue between China and Europe, assuring that legitimate European needs will be met if legal applications are submitted. He framed export controls on dual-use goods as a sovereign right and a standard international practice, with China having established a fast-track mechanism to facilitate approvals. German Foreign Minister Johann Wadephul acknowledged the concerns and the impact on trade relations, expressing the need for sustainable solutions to restore trust ahead of the upcoming EU-China summit. Despite reassurances, Wadephul noted the restrictions have caused anxiety and harmed China's reputation as a reliable trading partner. Both ministers discussed broader geopolitical issues, underscoring ongoing efforts to ease tensions and maintain global stability.

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Left 75%
Center 25%
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4
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Center
1
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0
Unrated
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Last Updated
5 days ago
Bias Distribution
75% Left
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