During a press conference Tuesday, a reporter asked about a report saying that the U.S. had asked China to resume rare earth exports to Japan. Lin Jian, a spokesperson for China’s foreign ministry, said China bars exports of dual-use items to Japanese military users or for military purposes in accordance with Chinese laws and regulations, citing concerns over what Beijing describes as Japan’s “re-militarization” and pursuit of nuclear weapons.
NEWS SUMMARY
The Ministry of Commerce is advancing a solid-waste recycling system for the “new three” industries — electric vehicles, lithium-ion batteries and solar products.
The Ministry of Finance will issue 15 billion yuan in treasury bonds in Hong Kong in June.
Memory chipmaker Biwin Storage Technology Co. Ltd. signed a $1.86 billion order for enterprise-grade flash memory.
Contact editor Lin Jinbing (jinbinglin@caixin.com)
