China accuses the United States of spreading panic
The Chronify
Beijing has accused the United States of creating global panic over China's rare mineral export controls. According to China, the remarks made by U.S. Treasury Secretary Scott Bessent were completely distorted and irresponsible, causing instability in the trade talks between the two countries.
China’s Ministry of Commerce spokesperson He Yongqian said that the United States is misrepresenting China’s measures and creating unnecessary panic. He stated that the purpose of China’s control system is solely to ensure transparency and accountability in civilian use.
He added that export license applications will be approved if they are lawful and for civilian purposes.
Recently, U.S. Representative Jamison Greer described China’s new measures as an attempt to influence the global supply chain. Meanwhile, Treasury Secretary Bessent hinted that the 90-day trade truce, which ended on November 9, could be extended.
In response to U.S. criticism, China’s official newspaper, People’s Daily, published a seven-point explanation on Thursday, stating that the United States has long been abusing control systems under the pretext of national security and has adopted discriminatory policies against China.
The statement also mentioned that the United States’ export control list includes over 3,000 items, while China’s list contains only 900.
China’s Ministry of Commerce has stated that Beijing’s new licensing system is not mandatory for manufacturers from any country and is in line with international standards.
However, Washington claims that China’s move is a retaliatory response to the Trump administration’s rare mineral measures. Former President Donald Trump described those measures as unprecedented.
Spokesperson He Yongqian said the U.S. comments are completely distorted. China always seeks to resolve issues through dialogue.
China has urged the United States to value the positive outcomes of previous discussions and to immediately correct its mistaken actions.
