The leaders of China and the United States just met in Busan, South Korea, and discussed in depth issues including China-US economic and trade relations, agreeing to strengthen cooperation in economic and trade fields. China is willing to work with the US to jointly safeguard and implement the important consensus reached at the meeting between the two heads of state.
The main achievements and consensus reached by the China-US economic and trade teams through consultations in Kuala Lumpur include the following aspects, including those related to rare earth export controls:
China will suspend the relevant export control measures announced on October 9 for one year and will study and refine the specific plan.
Rare earth Holmium will be removed from restriction list.