摘要
Before the early 1970s, China had no rare earth exports, and the world rare earth market was dominated by the United States, Europe and Japan. In the 1970s, China began to enter the world rare earth market and its sham picked up sharply in the following decades. Today, having the monopoly on global rare earth production, China must improve the benefits from rare earth production, not only from producing individual rare earth products, but also from mastering the intensive processing of rare earth products.
China is gearing up to fight a legal dispute with the United States,the EU and Japan over its export controls on rare earth minerals.The case was submitted to the WTO in mid-March.Mei Xinyu,an associate research fellow with the Chinese Academy of International Trade and Economic Cooperation,shared his views on the escalating situation with Securities Times.Edited excerpts follow:
