--- SEARCH ---
Learning Chinese
Learn to Cook Chinese Dishes
Exchange Rates
Hotel Service

Hot Links
China Development Gateway
Chinese Embassies

Ministry Targets Foreign Raw Materials Dumpers

China has decided to take anti-dumping action against Russian, South Korean and Japanese styrene butadiene rubber producers, the Ministry of Commerce said in a final verdict Tuesday.

The ministry said, beginning immediately, importers of such rubber from the three nations must pay anti-dumping duties to Chinese customs agents, according to established dumping margins.

The dumping margins reach levels as high as 38 percent.

China initiated an anti-dumping investigation with regard to styrene butadiene rubber, a chemical raw material for tires and other rubber products, on March 19, 2002.

Four major domestic producers - Qilu Petrochemical Co Ltd, Shenhua Chemical Industrial, Jilin Chemical Industry Co Ltd and PetroChina Lanzhou Co - filed application seeking the investigation.

Based on the Chinese anti-dumping regulations, the ministry determined dumping had taken place and the imports did cause substantial damage to China's domestic rubber industry.

In fact, the local market for such products was on the rise during 2000 and 2001, increasing by 10.13 percent and 21.38 percent respectively.

But because of the impact from the low-priced imports, the domestic industry was unable to develop during those years, investigators found, and actually suffered a profit decline.

Pre-tax profits dropped by an averaged 256.8 percent during 1999-2001, investigators learned.

According to official statistics, China initiated 10 such investigations last year. Annual sales of involved products stood at 59.2 billion yuan (US$7.15 billion).

(China Daily September 10, 2003)

Anti-dumping Duties Imposed on EU-made Catechol
Final Verdict Made in Anti-dumping Case
Anti-dumping Duty Imposed on Coated Art Paper
Anti-dumping Investigation on Imported Phenol Extended
Furniture Makers Prepare for Possible US Anti-dumping Investigation
Chinese TV Makers to Respond to US Charge
Lighter Producers Close to Win Anti-dumping Suit
Anti-dumping Taxes on Imported Newsprint Continues
Anti-dumping Investigation on Imported Optical Fiber Started
Temporary Anti-dumping Measure on Imported TDI
Anti-dumping Measures Taken Against Caprolactam
Print This Page
Email This Page
About Us SiteMap Feedback
Copyright © China Internet Information Center. All Rights Reserved
E-mail: webmaster@china.org.cn Tel: 86-10-68326688