China Urges G7 to Drop 'Small Circle' Trade Rules as Bloc Targets Rare Earth Dependence
Updated
Updated · CGTN · Jun 18
China Urges G7 to Drop 'Small Circle' Trade Rules as Bloc Targets Rare Earth Dependence
1 articles · Updated · CGTN · Jun 18
Summary
Beijing on Thursday rebuked the G7 after the bloc said it would cut reliance on China for rare earths and other critical minerals, urging members to stop using “small circle” rules that undermine global trade.
Lin Jian, speaking for China’s Foreign Ministry, said Beijing’s position on keeping critical-mineral supply chains stable and secure had not changed and that all parties should play a constructive role.
China also defended its export-control regime, saying efforts to standardize and improve the system follow international practice and serve peace, regional stability and non-proliferation obligations.
The exchange highlights rising friction over critical-mineral supply chains as G7 countries seek to diversify away from China’s dominant role in rare earths.