AsianFin -- China has consistently placed great importance on maintaining the stability and security of global industrial and supply chains and has been accelerating the review of rare earth-related export license applications in accordance with relevant laws and regulations, the Ministry of Commerce said Thursday.

China has approved a certain number of compliant applications in accordance with the law and will continue to strengthen the review and approval of such applications, ministry spokesperson He Yadong said at a press conference when answering a question on rare earth exports.

China is willing to enhance communication and dialogue with relevant countries on export controls and actively promote the facilitation of compliant trade, He added.