China graphite exports – level 2
China decided to demand export permits for specific graphite products because of its national security.
Experts see this as an attempt to secure control over important mineral supplies. China is not only the largest producer and exporter of graphite worldwide but the country also processes more than 90% of the world’s graphite into the material used in electric vehicle batteries.
This requirement for export permits comes at a time when foreign governments press Chinese companies due to concerns about their industrial practices. For example, the European Union is considering imposing tariffs on EVs made in China. The EU claims they receive unfair subsidies. Moreover, the US government recently expanded restrictions on Chinese companies’ access to semiconductors, including advanced artificial intelligence chips produced by Nvidia.
Difficult words: export permit (an official document which says that you can export something), tariff (a tax or duty on a specific kind of product which you export or import), subsidy (money by the state which helps an industry or business).
You can watch the original video in the Level 3 section.
What potential effects will China's demand for export permits have on foreign markets for graphite and electric vehicle batteries?
LEARN 3000 WORDS with NEWS IN LEVELS
News in Levels is designed to teach you 3000 words in English. Please follow the instructions
How to improve your English with News in Levels:
- Do the test at Test Languages.
- Go to your level. Go to Level 1 if you know 1-1000 words. Go to Level 2 if you know 1000-2000 words. Go to Level 3 if you know 2000-3000 words.
- Read two news articles every day.
- Read the news articles from the day before and check if you remember all new words.
- Listen to the news from today and read the text at the same time.
- Listen to the news from today without reading the text.
- Answer the question under today’s news and write the answer in the comments.