China's Ministry of Commerce (MOC) said on Thursday that it regretted the World Trade Organization's (WTO) decision to uphold a previous ruling against China's management of rare earth exports.
The government has approved two major rare earth producers to become conglomerates by the end of this year in order to further consolidate the rare resources, combat smuggling and alleviate overcapacity in production.
China has seen positive developments in reducing excess production capacity as it works to improve economic structure, according to a report of the National Development and Reform Commission (NDRC) on Aug 3rd.
China's central energy authority unveiled its photovoltaic (PV) development targets for 2014 on Aug 5th, vowing to install 13 gigawatts of new PV power capacity this year.