PU, your totally misunderstanding the entire RE dynamics, China has absolutely no wish to sell RE ROW, tariffs, VAT & quota cost are simply a means of maintaining a price differential to draw ROW OEM's & tech inside China. They have been spectacularly successful as Lynas has illustrated. Now domestic consumer demand is likely to maintain this attraction against tired, ageing ROW markets, i.e. TDK.
Smuggling is a huge problem for China as well as Lynas, etc and no doubt creating large distortions in the current mkt. China has been battling to control it for years but poured petrol on a fire with the 2010 quota cuts. Remains to be seen if the recent consolidations will be successful but with a lot of smuggling being "official", State v Fed etc, it's likely to continue at some level. Read HongPo at ProEdgeWire
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