Shinwell Corporation, a private company in the business of rare earth metals, says he appreciated Beijing's decision to halt exportations. He believes that the exportation needed to be stopped because reserves of the metals were no longer large enough to give away. He said that China needs to keep the metals and the profits from them in their own economy.
When asked if these actions were against the WTO's laws, Ling Wen said that the laws cannot apply within China, appealing to principles of national sovereignty. He said if counties wished to trade with China they would need to increase "accountability."
As well, the interviewer asked about the halt's implications for Japan, which has already stated that these changes could severely harm Japan's economy. In response, Ling Wen said that it is time Japan started a "new business plan."
Shinwell => Shenhua. Research.
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