China Likely to Enhance Export Restrictions on Rare Earth Products and Technologies

SHANGHAI, Feb 1 (SMM) - The Chinese Ministry of Commerce released a notice about revising the Catalogue of Technologies Prohibited or Restricted from Export in China on January 30, 2023. The revision is aimed at strengthening technology import and export management in accordance with the Foreign Trade Law and the Regulations on the Management of Technology Import and Export. The Catalogue will be revised with 32 items being deleted, 36 items being modified, and 7 items being added. This revision will significantly refine the control of some technology items, creating positive conditions for enhancing international technology cooperation. SMM believes that rare earths, being a non-renewable and valuable resource, have a particularly significant strategic position, and the revision may strengthen the export restrictions on rare earth products and technologies in China.