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Yao Jian said that due to the lag of economic development and low level of technology, the lack of regulation of the development and utilization of rare earths in China in the early days led to a large number of environmental problems. At present, China's rare earth reserves account for 30% of the world's total, but trade accounts for 90% of global trade. The global share of China's rare earth production and processing scale is higher than the global share of rare earth reserves, indicating that a considerable number of countries are storing rare earth resources.
Yao Jian, spokesman of the Ministry of Commerce, pointed out at a regular press conference on November 16 that China’s management measures for the mining, production, processing and export of rare earths are in line with international norms and WTO rules. China will not export rare earths. As a means of blocking. China has recently adopted necessary management and restrictions on the rare earth industry in accordance with domestic laws and regulations. Its core purpose is to save energy and protect the environment and achieve sustainable development.