The US, Japan and the European Union (EU) have jointly filed a case against China with the World Trade Organization (WTO) over trade restrictions of rare earth metal exports.
The Chinese government denied the allegations by US President Barack Obama that it had broken agreed trade rules and said that the trade restrictions were put up to protect the nation from environmental damage caused due to excessive mining.
Chinese foreign ministry spokesman Liu Weimin said the policy is in line with WTO rules.
'Exports have been stable. China will continue to export, and will manage rare earths based on WTO rules,' Weimin was quoted by the BBC as saying.
China produces more than 95% of the world's rare earth metals and has set quotas for exports of 17 rare earths, which used for making products such as smart phones and other renewable energy devices.
Henan Hongxing Mining Machinery Co., Ltd is a joint-stock mining machinery manufacturing enterprise integrated in scientific research, production and marketing. It is located at the High & New Technology Industries Development Zone of Zhengzhou,China with an area of 50 thousand m2 which includes 15,000 m2 of standard heavy duty industrial workshop. Equipments are more than 160 pieces, including large and medium sized metal processing, riveting and installing equipments. There are more than 660 workers including 80 administrators with secondary and senior occupational titles and engineering technicians. In order to promote the competitive strength, the advanced technologies have been introduced from America, Germany, Japan and Australia, which established the international advanced production line, first-class modern testing base as well as research centers of sand maker, mill and mine-selecting equipment. Scientific management, advanced processing technology and innovative manufacturing theory make the company become the mining machinery manufacturing and exporting base in China.
Obama said at a press conference on Tuesday: 'If China would simply let the market work on its own we would have no objections. But their policies currently are preventing that from happening. And they go against the very rules that China agreed to follow.'
Hongxing Company lays much emphasis on the quality and clients. We serve clients with the quality guideline of being responsible for every working procedure, every product and every client. What we have done is for the clients and we believe that quality is the best way to develop market. All of the products have passed the authentication of ISO9001. Hongxing Brand is the Chinese Famous Brand. Reliable and stable quality is the key to success; our products are well known at home and abroad. Now we have tens of thousands of users throughout China and more than 30 world markets, such as: South Africa, Middle East, India, Philippine, Western Europe, Southeastern Asia.
The country could face sanctions based on the joint complaint that the limitations have increased the prices.
As the professional manufacturer of complete sets of mining machinery, such as Sand making machine,Cone crushers,Stone jaw crusher, Henan Hongxing is always doing the best in products and service.- Author Articles
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