China has been accelerating the approval process of rare-earth export licenses in line with laws and regulations,and has approved a number of compliant applications,and will continue to strengthen the approval process for compliant applications,a spokesperson of the Chinese Ministry of Commerce(MOFCOM)said on Thursday.
MOFCOM spokesperson He Yadong made the remarks at a press briefing in response to a question which said that an EU official has expressed wishes that China can resolve the issue around rare earths before a summit in July,and regarding details on the progress concerning on rare-earth license approval for EU firms.
The Chinese government has always attached great importance to ensuring the stability and security of global industrial and supply chain,He said.
"China stands ready to further enhance communication with relevant countries on export controls,actively facilitating convenient and compliant trade flows,"He noted.