Beijing Post

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Monday, Jun 09, 2025

China Approves Rare Earth Export Applications Amid Rising Global Demand

The approval from China's Ministry of Commerce highlights the country's response to increased international needs for rare earth elements critical to various industries.
On June 7, 2025, the Ministry of Commerce of China announced the approval of a certain number of export license applications for items related to rare earth elements.

This decision comes as global demand for medium and heavy rare earth elements continues to rise, particularly driven by sectors such as robotics and new energy vehicles.

The spokesperson for the ministry noted that rare earth-related items possess dual-use characteristics, applicable for both military and civilian applications.

The establishment of export controls aligns with international practices aimed at safeguarding national security interests and fulfilling non-proliferation commitments.

Additionally, the ministry expressed a commitment to maintaining transparent communication regarding export controls with relevant countries to facilitate compliant trade processes.

The conference in Hong Kong focused on the Guangdong-Hong Kong-Macao Greater Bay Area (GBA), which was characterized as a significant emerging economic brand.

A delegation comprising consuls and business leaders highlighted the region's untapped potential for innovation and economic collaboration.

The GBA is seen as a technological hub, with notable projects like Tencent's 'Digital Library Cave' that aims to combine technology with cultural heritage, showcasing the innovative capabilities of the cities within the area.

Delegates emphasized the importance of leveraging Hong Kong's strengths in finance and professional services to enhance business synergies between mainland cities and international markets.

Furthermore, the International Science, Technology and Innovation Forum held in Hong Kong discussed how Asian nations, including China, are increasingly playing pivotal roles in global economic transformation through technological innovation.

The conference underscored achievements in cooperative initiatives within the GBA and the broader Asia-Pacific region.

In a related context, the Regional Comprehensive Economic Partnership (RCEP) has opened dialogues fostering green development, particularly in the domain of new energy vehicles (NEVs).

A forum in Hefei, Anhui province highlighted the commitment of RCEP member states towards sustainable mobility and industrial cooperation.

The rapid integration of local manufacturing and supply chains for electric vehicles reflects a collective goal of enhancing regional connectivity and stability.

Trade relations between China and Uzbekistan are also on the rise with initiatives such as the China-Kyrgyzstan-Uzbekistan Railway poised to enhance trade routes and economic ties.

This railway project is expected to streamline trade, thereby facilitating greater economic integration between Central Asia and major global markets.

As both countries align on infrastructure and trade objectives, opportunities for investment and collaborative growth remain substantial.

The trend of investment and innovation among European companies in China signals a comparable momentum in sectors like biomedicine and manufacturing, with firms seeking to adapt products and services to the Chinese market.

The 137th China Import and Export Fair reflects an increased interest in green and intelligent technologies, indicative of a broader commitment to sustainable industrial practices throughout the country.
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