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China's export controls on certain graphites went into effect on Dec. 1, raising concerns in Japan and South Korea. As the world's largest graphite producer and exporter, China dominates the graphite industry. This export control measure aims to curb illegal exports and protect the country's graphite resources and interests. However, for South Korea and Japan, which are highly dependent on Chinese graphite, this measure could have a serious impact on their economies.
South Korea's dependence on Chinese graphite is more than 90%, especially in the field of batteries, and China's graphite is very important to the Korean power battery industry. South Korea is trying to find alternatives, but it is still struggling to wean itself off China. About 90% of Japan's graphite imports also come from China, which is used by major companies such as Sony and Panasonic.
Japan has filed a complaint with China** and threatened to take measures through WTO regulations. However, China's Ministry of Commerce said that export controls on graphite are not country- or region-specific, and export licenses can be obtained as long as they comply with Chinese regulations. China hopes that Japan will understand and assume the responsibilities of its neighbors.
This graphite export control not only reminds the relevant countries, but also strives for more development space for China. Although it may have an impact on the economies of Japan and South Korea in the short term, China can make itself a greater development advantage in this field through technological innovation and industrial upgrading.
Conclusion: China's export controls have had a certain impact on the economies of Japan and South Korea, especially in the field of batteries. However, this also provides China with space and opportunities for development, and through independent innovation and industrial upgrading, China is expected to maintain a leading position in the graphite industry. For their part, Japan and South Korea need to find alternatives and reduce their dependence on China to meet the challenges of this situation.
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