Friday, January 21, 2011

Chinese Minister of Maritime Affairs offers comment on exportation

China's Minister of Maritime Affairs, Qiu Yunming, has said that China needs to prevent metals exports to promote production of technologies.
Following Beijing's decision to halt exportation of rare earth metals, Qiu stated that even countries who own mines in China will no longer be allowed to continue mineral extraction.
Additionally, Qiu referred to the decision as a way to keep their resources from the "greedy Japanese."

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