At today’s press conference, a reporter asked, according to the data of the General Administration of customs, China’s rare earth exports decreased by about 70% year-on-year in July. What are the reasons for the decline? Is it the epidemic that affects the supply chain? The United States relies on China to export rare earths. Is the decline in export volume a way for China to counter the United States? A spokesman for the Ministry of Commerce said that according to customs statistics, China’s rare earth exports from January to July this year were 22800 tons, a year-on-year decrease of 20.2%, and the value of US $211 million, a year-on-year decrease of 26%. Novel coronavirus pneumonia has been affected by the new crown pneumonia since the year, and the production and operation activities of the downstream enterprises have slowed down. Chinese enterprises carry out international trade business according to the change of international market demand and risk situation.