Staff reporter and agenciesChina will set up five world-class raw material manufacturing clusters after setting a rare earth group recently. China's Ministry of Industry and Information Technology, along with several government agencies raised the 2025 target for the raw material industry in the 14th Five-Year Plan published yesterday. Last week, China has approved setting up a rare earths giant called China Rare-Earths Group by merging three state-run companies. Meanwhile, the Chinese government said it firmly oppose the abuse of export control measures in its first white paper on export controls released yesterday. The Ministry of Commerce said it will accelerate efforts to attract foreign investments next year.

Source: The Standard December 29, 2021 19:15 UTC