In a recent regular briefing, Foreign Ministry spokesperson Guo Jiakun urged the G7 nations to abandon group-specific trade rules and respect the established order of international commerce. His comments come amid reports that the G7 is set to announce a critical minerals production alliance aimed at countering China’s market dominance.
Critical minerals—including rare earth elements essential for electric vehicles, smartphones and renewable energy technologies—have become a focal point for global supply chains. The G7’s proposed alliance would seek to diversify production and secure reliable sources outside of China’s current stronghold.
China took steps to standardize and improve the export control system. This is consistent with international practice and aimed at better upholding world peace and regional stability and performing non-proliferation and other international obligations.
By emphasizing the need to follow market economy principles and established trade rules, Guo argued that unilateral group rules risk fragmenting global commerce and destabilizing economic recovery efforts worldwide.
We urge the G7 to earnestly observe the principles of market economy and international trade rules, stop disrupting the international trade order with the self-made rules of a group, and jointly work for a stable global economy.
As emerging markets and tech industries increasingly rely on critical minerals, the outcome of these discussions could reshape investment flows and supply chain strategies. Observers will be watching closely to see if the G7’s move sparks new partnerships or prompts further response from China.
Reference(s):
cgtn.com
