Alfred Schipke, Director of the East Asian Institute at the National University of Singapore, discusses the trade relationship between EU and China, saying there are low expectations heading into the two trading partners' summit in Beijing.
China's export of rare earth products fell to a five-year low in May due to export restrictions imposed by Beijing in early April. These restrictions require exporters to obtain special licenses for seven medium-to-heavy rare earth elements and certain magnets, which are critical for industries such as automotive, aerospace, semiconductors, and defense globally.