“It is rash and unfair for the United States to put forward a lawsuit against China before the WTO, which may hurt economic relations between the world’s largest and second-largest economies,” the commentary said. “In [the] face of such unreasonable and unfair charges, China will make no hesitation in defending its legitimate rights in trade disputes.”
China controls 95% of the world’s supply of rare earths and has become increasingly adept at processing the minerals needed to manufacture myriad high-tech products such as cellphones, flat-screen panels and advanced weapons systems.
Beijing has restricted new mining and introduced limits to production — moves other countries have criticized as a strategy to further dominate global supplies.
Full article: China warns of backlash if U.S. presses rare-earths case with WTO (Los Angeles Times)