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Fortune
Fortune
Jason Ma

China’s rare earth controls can ‘forbid any country on Earth from participating in the modern economy,’ former White House advisor warns

(Credit: Kevin Frayer—Getty Images)

Beijing’s new export controls on rare earths go well beyond restricting access to a critical technology input, according to a former White House advisor.

On Thursday, China’s Commerce Ministry said that starting on Dec. 1 a license will be required for foreign companies to export products with more than 0.1% of rare earths from China or that are made with Chinese production technology.

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