Domain: tiger-web1.srvr.media3.us Xi defends rare earth move. | Money Talk
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Xi defends rare earth move.

Posted on 10/11/25 at 10:17 pm
Posted by Jjdoc
Cali
Member since Mar 2016
55479 posts
Posted on 10/11/25 at 10:17 pm
The Chinese Ministry of Commerce said the controls, issued Oct. 9, were part of Beijing’s effort to strengthen its export control system and “better safeguard world peace and regional stability” amid what it described as a turbulent global security environment.

“These controls do not constitute export bans. Applications that meet the requirements will be approved,” a commerce ministry spokesperson said. “China has fully assessed the potential impact of these measures on the supply chain and is confident that the impact will be very limited.”

The ministry said it had notified “relevant countries and regions” through bilateral dialogue mechanisms before unveiling the measures, adding that China remains open to further cooperation on export control practices to “safeguard the security and stability of global industrial and supply chains.”


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Posted by Boss13
Mobile
Member since Oct 2016
1954 posts
Posted on 10/11/25 at 10:56 pm to
The face saving backtracking begins...

"It was all just a misunderstanding, we planned to make it easier to export rare earth minerals to America."
Posted by BCreed1
Alabama
Member since Jan 2024
6800 posts
Posted on 10/12/25 at 9:57 am to
I think the Xi is on his last effort. He has nothing left to do.

In the end, the USA will rely less and less on China and they will cave.
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