China gave a muted response to losing a global trade case over rare-earth minerals, with both government and industry saying they were weighing options.
The foreign ministry said it was assessing the ruling by the World Trade Organization, reiterating a Commerce Ministry statement late Wednesday. The Association of China Rare Earth Industry likewise said it is studying the impact of the WTO ruling on the country’s rare-earth enterprises.
The WTO decision ruled in favor of a complaint from the U.S., the European Union and Japan accusing Beijing of violating trade rules by imposing quotas on exports of rare earths, which are used to manufacture a range of crucial technologies from smartphones to missile-defense systems. China has said the restrictions are in place for environmental-protection reasons.
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Wayne Ma, Wall Street Journal via CHINA US Focus http://ift.tt/1jAaClH
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