calendar>>February 23. 2011 Juch 100
China to Streamline Rare Earth Industry
Beijing, February 23 (KCNA) -- China will strive to streamline its rare earth industry within five years, said Chinese Premier Wen Jiabao at an executive meeting of the State Council on February 16.

A document released after the meeting said China should accelerate industrial upgrading and technological innovation to protect the environment and save resources.

The industry should maintain rational production and inventory control, make better use of domestic and overseas markets and resources, and have active international cooperation for a healthy and sustainable development, said the document.

For that purpose, the nation would establish and improve the supervision framework of laws and rules on the industry, impose stricter mining policies to protect the environment and resources and protection standards for the environment, and make reasonable plans for mining and exports, it added.

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