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      China supports ailing rare earths industry with special fund

      2012-11-21 15:46 Xinhua     Web Editor: Gu Liping comment

      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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