China's Export Caps and Quotas - The Only Real Challenges to China Exports

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In 2011, amount of rare earth illegally mined and smuggled out of the country exceeded China's official export figures. Chinese now calculate those major trading partners as imports from China; they think there is a lot of illegal export. Last year, the Chinese government cracked down on the illegal mines. In fact, this might be the reason why prices have come down.

We continue our journey to the center of the cloud, by way of the earth: Rare Earth. China controls 95% of the market for the 17 Rare Earth elements that power our invisible technologies so your host decides to pay a visit to the Ganzhou region, to see the illegal mines in the with his own eyes.

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