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.
Copyright ©1999-2011 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.