China Pushes Back Against G7 Critical Minerals Strategy
Beijing has pushed back against criticisms regarding its export restrictions on critical minerals. It also called on G7 nations to uphold market-based principles rather than forming exclusionary blocs, following a G7 agreement to reduce reliance on Chinese mineral supplies.
China pushed back Thursday against efforts by G7 to lessen their dependence on Chinese critical mineral supplies, defending its export control policies and cautioning the bloc against operating through tight-knit group.
Speaking through its foreign ministry, China urged G7 members to honor market principles and reciprocal international trading rules instead of pursuing coordinated "decoupling from China" strategies.
The remarks came one day after G7 leaders wrapped up a summit where they agreed to deepen collaboration aimed at reducing member nations’ reliance on China for minerals that they deemed as essentials.
The exchange highlights the widening rift between China and Western economies, where both of them are racing to secure independent supply chains.