Rare Earth Exchanges

Baogang Group Party Committee Convenes to Study Xi Jinping’s Recent Key Speeches and Instructions

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Highlights

  • Baogang Group leadership met to review President Xi Jinping’s recent directives and align corporate operations with national priorities.
  • The meeting focused on earthquake relief, production safety, audit transparency, and maintaining stable operational performance.
  • The company demonstrated strong commitment to CCP principles, pledging to defend ‘the Two Establishments’ and support Xi Jinping’s leadership.

On January 15, 2025, Baogang Group (Baotou Iron and Steel Group) held its third Party Committee Standing Committee meeting of the year in the information building. Chaired by Party Secretary and Chairman Meng Fanying, alongside Deputy Secretary and General Manager Li Xiao, the meeting focused on studying recent key speeches and directives issued by Chinese President Xi Jinping. The discussions emphasized aligning the company’s operations with national priorities and ensuring strict implementation of the directives.

The meeting reviewed the spirit of Xi Jinping’s January 9 speech at the Politburo Standing Committee, where he addressed earthquake relief efforts in Tibet’s Dingri region and offered guidance on auditing processes. Baogang’s leadership stressed the importance of understanding and applying these principles within the enterprise, emphasizing proactive efforts, resilience, and alignment with the central government’s decisions. The Party Committee pledged to protect “the Two Establishments” and uphold “the Two Safeguards,” key ideological principles signifying loyalty to Xi Jinping and the Communist Party.

Further directives included:

  1. Prioritizing safety during the Chinese New Year, with strict adherence to production safety responsibilities.
  2. Addressing audit work to accurately reflect the company’s operational performance, fostering transparency and sustainable growth.
  3. Maintaining stable operations, preventing volatile performance, and aligning company achievements with regional government expectations.

The meeting concluded with additional discussions on operational matters.

Some Perspective

This news release (opens in a new tab) published in the Baogang Daily, highlights the close alignment between Baogang Group, a major state-owned enterprise in metals and rare earths, and the Chinese Communist Party’s (CCP) directives, and hence Rare Earth Exchanges coverage.

The language underscores the Party’s influence over corporate governance, e.g., “defend the Two Establishments” and “uphold the Two Safeguards,” which signify unwavering support for Xi Jinping’s leadership and edicts. The emphasis on integrating political directives into business operations reflects the CCP’s deep control over strategic industries, particularly in areas like rare earth production, which are critical to China’s global economic and geopolitical leverage.

If the United States is to wrestle control of its rare earth element supply chain, it will need to understand that, in the short run, purely free-market solutions will not suffice.

Rare Earth Exchanges Take

The Baogang Group, a leading state-owned metals and rare earth company in China, met to align its operations with recent directives from President Xi Jinping. The company leadership emphasized the importance of incorporating Xi’s guidance into its strategies, focusing on earthquake relief, auditing transparency, and production safety during the New Year.

The meeting reflected the CCP’s tight grip on Baogang’s governance, with commitments to loyalty and ensuring stable, high-quality growth. As a key player in rare earth production, Baogang’s actions demonstrate China’s prioritization of political control in managing its critical resources, reinforcing its strategic advantage on the global stage.

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