New Delhi, Oct 30 (IANS) China on Thursday announced that it will suspend certain export restrictions, including export control on rare earth minerals, for one year.

The development came after US President Donald Trump and his Chinese counterpart Xi Jinping agreed to ease trade tensions between the world’s two largest economies.

Earlier on October 9, Beijing announced further controls on the export of rare-earth technologies and items, adding to existing regulations on the critical industry.

The export restrictions were a reaction to US tariffs that were about to take effect following the expiration of an interim trade agreement.

However, for a year, the restrictions will be lifted while the Chinese government reviews and improves certain plans.

Earlier, in a significant development,

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