Zhao Zhongxiu: Losing the rare earth case buys time for China to integrate its industry
(Source: Phoenix TV Date:2014Year3month28日）
w88 casino News Network (Reporter Qiao Xuezhu)2014Year3month28On the 9055th_9077th day, Vice President Zhao Zhongxiu of w88 casino accepted an exclusive interview with Phoenix TV and saidWTOExpress your views on the rare earth case.
Zhao Zhongxiu said that it was expected that China would lose the case in this ruling, and it would be an honor to lose. From a formal point of view, we have increased export tariffs and restricted the quantity of exports, which conflicts with WTO rules. However, we won time to integrate industry resources domestically and formed a consensus, and the WTO accepted China's purpose of protecting scarce resources, although there is no direct correlation between the measures and the purpose. We can extend this policy and measures to the country to better protect the environment and protect industries. Next, we must work hard to improve our internal strength, stabilize the market, form unified pricing power, and make better and more effective use of our rare earth resources.
Zhao Zhongxiu said that China’s integration of the rare earth industry has achieved results and the market has stabilized. In the past, we exported a large number of resource-based commodities, such as rare earths, tungsten ore, etc. This time we treat the symptoms first to achieve the root cause. In terms of the integration of north-south rare earths, initial results have been achieved, and the market has been basically stable. The United States has adopted domestic legislation to protect resources and the environment, and we can also adopt it, but we just need time. After this ruling, it is estimated that the possibility of a comeback is very small, and we will lift the quantity limit. In fact, over the past few years, our quota has not been exhausted. The previous surges and plummets in the rare earth market were actually caused by expectations. As the market environment stabilizes and transparency increases, we will continue to improve our technical capabilities and improve our environmental protection capabilities.
Attachment: Original video report link
http://v.ifeng.com/news/opinion/2014003/01abe6e9-c971-46cb-968b-9ac8de0179bf.shtml
http://v.ifeng.com/news/opinion/2014003/01de6575-436f-4eac-abe6-b9e8e3ea3a9e.shtml
