On Problems in Rare Earth Exports of China and Countermeasures

Abstract

As a country with rich deposit domestically and huge amount of supplying internationally of rare earth, China has not received the matched benefits. The major problems faced by China in rare earth are low international price, difficult transition of export policy, rampant smuggling and decreasing export potential. To solve these problems, China must insist on the transformation of export policy in rare earth, try to match domestic policies with international ones, fully recognize the strategic status of rare earth, control the exporting, mining, utilizing and reserving of rare earth comprehensively, and attack rare earth smuggling more seriously.
Key words: Rare earth; Export control; Smuggling; Strategic reserve