EU business lobby head says China rare earths snag persists

A business lobby said it warned on Wednesday despite the acceleration of exports in July.

China dominates the global sector to remove and develop strategic minerals, and this year provides a vital leverage in a renewed trade war with Washington this year.

Since April, Beijing required a license for certain exports by sending fluctuation effects in the production sectors worldwide.

Following a tense summit organized by Beijing in July, the European Union Chief Ursula von Der Leyen said that leaders accepted a healing mechanism for the export of rare land minerals for China’s block.

However, in the annual position document published on Wednesday, the European Chamber of Commerce in China, “many companies-especially small and medium-sized enterprises (SMEs)-Halala have experienced significant supply chain cuts”.

“A long -term, sustainable solution has not come to the fore,” he said and added that the room was “regular contact with Chinese authorities.

“We currently have a few members who have suffered significant losses due to these bottlenecks,” he said, ” He said.

“We have made more than 140 applications with our members and some of them have been solved so far.” He said.

“So that didn’t go.”

In the latest broadcast, the lobby, representing more than 1,600 member companies, put forward 1,141 suggestions for Chinese policy makers aiming to correct various obstacles faced by European companies in the country.

Among the obstacles this year, Chef Eskelund said that there is a trembling Chinese economy that has been fighting to make a solid recoil since the end of the Covid-19 pandema.

Sluggish consumption in the country’s wide property sector, a production glut and long -term problems are currently among the main challenges that play Beijing policy makers and businesses.

In a symptom of settled problems that face the second largest economy in the world, the data published this week showed that the factory and consumption increased at the weakest speeds in August in August.

“In fact, I see more convergence in terms of the difficulties of Chinese companies and the difficulties of foreign companies.” He said.

He said, “The state of the great enemy here-this internal economy and the balance of supply and demand.”

“I think we look at the eye with the majority of Chinese companies.”

PFC/JE/RSC