China has set up a rare earth association. China still continues to face criticism over its policies for this. But China will continue to clean up the rare earth industry, enlarge rare earth environmental controls, toughen environmental checks, and execute stricter rare earth environmental policies.
U.S. plans to file a complaint at the World Trade Organization over Chinese limits on exports of rare earths used in high-tech products, deepening a trade dispute between the world’s two largest economies. It seems rash and unfair for the U.S. to file a complaint against China before the WTO, which may hurt economic relations between the world’s largest and second-largest economies. This makes it obvious that China won’t hesitate to defend its legal rights in trade disputes.
After 16 years of effort and negotiation for securing a membership in the World Trade Organization (WTO) on December 11, 2001, industry leaders in China were perhaps more worried than relieved. A few years later, those industries have not yet been extremely successful, but have done quite well. Today, China is looking forward to buy more products from overseas.