Industrial Policies of Chinese Rare-earth and Their Impacts on the Export Markets
Chinese government has taken a series of measures to regulate the development of rare-earth industry in the past few years,which result in the decline of export quantities,and the increase of export prices.The structure of the export products has been improved.The policies seemed to have significant effect until the year of 2009.The policies' lagging effect,the mono-posony in the international rare-earth market,and the weak executive power are responsible for the consequences.As for the relationship between the quantity and price for some specific rare-earth products,we find that the export prices of rare-earth fluctuated at a low level before the year of 2010.Since the year of 2010,the quantity came to have negative effect on the price.