China Gathers Foreign Firms in Bid to Reassure on Rare Earths

China has convened a large meeting with foreign businesses to reassure them that its new rare earth export controls are not intended to restrict normal trade. This move is seen as an attempt by policymakers to calm the backlash over the controls. Rare earth elements are critical for the production of various high-tech products, and China dominates the global supply of these materials. The new export controls have raised concerns among foreign companies that rely on these resources. By gathering this meeting, China is trying to demonstrate its commitment to maintaining a stable and reliable supply of rare earths for the global market. The meeting is seen as evidence that policymakers are actively working to address the concerns of foreign firms and avoid disruptions to international trade. The article suggests that China is taking a proactive approach to managing the rare earth issue, in an effort to maintain its position as a key supplier and avoid further escalation of tensions with its trading partners.