- CNTV English - CCTV News

Homepage > News > Biz >

China restricts rare earths for environment: Minister

08-30-2010 10:09 BJT

China's decision to impose limits on production and exports of rare earths is based on concerns about environmental protection and national security and it is not contradictory to the rules of the World Trade Organization, Chen Deming, minister of commerce, told reporters after the third China-Japan high-level economic dialogue in Beijing.

He also said China, Japan and South Korea are likely to sign an investment protection agreement within the year.

Chen said China will gradually reduce the production and exports of rare earths, which are widely used in areas from hybrid cars to electronics, and the amount will be further reduced in the second half of the year.

He hoped Japan, a big consumer of the minerals, can understand China's decision.

"Rare earths exist in land where environment is very fragile, so a large amount of extraction hurts China's natural environment. Thus, we had to impose limits on production and trade of rare earths," he said.

China produces about 90 percent of rare earths in the world. He said the slowdown of earth exports may be more significant, as the growth of exports in the first half was very fast.

He said China and Japan exchanged their main concerns in bilateral trade at Saturday's dialogue and talked about cooperation on areas from green economy, finance, to agriculture. They also talked about business climate.

Editor:Xiong Qu |Source: China Daily

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program