Ministry of Commerce: China conducts permit review for rare earth and other related items in accordance with laws and regulations, and grants permits to applications that meet the requirements.

According to the Zhitong Finance APP, on November 6th, the Ministry of Commerce held its regular press conference. An American journalist asked a question regarding a report released by the White House on November 1st, which mentioned that China will issue general export licenses for some rare earth elements. It was noted that this statement seemed to differ from the news release by the Chinese Ministry of Commerce, which only mentioned export control measures announced on October 9th. What is China's response to this? Ministry of Commerce spokesperson, He Yadong, stated that rare earth and other related items have obvious dual military-civilian attributes, and China conducts license reviews in accordance with the law and regulations, granting licenses to applications that comply with regulations. China has repeatedly emphasized its willingness to strengthen communication and cooperation with all parties, continuously optimize the licensing process, actively apply convenient measures such as general licenses, promote compliant trade of export control items, and safeguard the security and stability of the global industrial supply chain.