China supports ailing rare earths industry
(Xinhua) Updated: 2012-11-21 16:46BEIJING - China announced on Wednesday that it will earmark special fund from its central budget to support the restructure of its rare earths industry.
The money will be used to fund local governments' crackdown on illegal mining, enterprises' facility upgrading for higher environmental standards, research and development and high-tech applications, the Ministry of Finance said.
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