e-magazine
The Hot Zone
China's newly announced air defense identification zone over the East China Sea aims to shore up national security
Current Issue
· Table of Contents
· Editor's Desk
· Previous Issues
· Subscribe to Mag
Subscribe Now >>
Expert's View
World
Nation
Business
Finance
Market Watch
Legal-Ease
North American Report
Forum
Government Documents
Expat's Eye
Health
Science/Technology
Lifestyle
Books
Movies
Backgrounders
Special
Photo Gallery
Blogs
Reader's Service
Learning with
'Beijing Review'
E-mail us
RSS Feeds
PDF Edition
Web-magazine
Reader's Letters
Make Beijing Review your homepage
Hot Links

cheap eyeglasses
Market Avenue
eBeijing

World
Special> Coping With the Global Financial Crisis> World
UPDATED: November 10, 2009
China: U.S. Move on Imported Chinese-made Fastener 'Rational'
The ITC's move on Friday was a rare exception in the two countries' trade disputes as the U.S. agency nodded to all the other 22 inquiries in recent three years
Share

U.S. rejection of an anti-dumping inquiry against China-made steel fasteners was "rational", a Chinese commerce official said Monday.

An unnamed official of the Ministry of Commerce (MOC) said the move by the United States International Trade Commission (ITC) accorded with "market reality" and was "correct", as the products made by both countries had different target consumers, which would not encounter direct competition.

The ITC's move on Friday was a rare exception in the two countries' trade disputes as the U.S. agency nodded to all the other 22 inquiries in recent three years.

The official said China hoped the United States would honor its commitment made on the G-20 summit in Pittsburgh, and stay away from protectionism and abuse of trade remedies.

The United States should make decisions according to the World Trade Organization rules and market reality with objectivity and justice, the official said.

The U.S. Department of Commerce launched dual investigations on Oct. 14 requested by the U.S. manufacturer Nucor Fastener, which alleged that the Chinese imports enjoy unfair price advantages.

Fastener is a hardware tool that puts together two or more objects.

China has suffered heavily from trade protectionism which has been rising after the outbreak of the global financial crisis, MOC spokesman Yao Jian told a forum Saturday.

Yao said 19 economies launched 88 probes into Chinese products in the first nine months, involving 10.2 billion U.S. dollars of export goods. The two figures were 29 percent and 125 percent respectively higher than the same period last year.

In the first nine months, the U.S. launched 14 probes into Chinese exports, with a total value of 5.84 billion U.S. dollars, soaring by 639 percent from a year earlier.

(Xinhua News Agency November 9, 2009)



 
Top Story
-Protecting Ocean Rights
-Partners in Defense
-Fighting HIV+'s Stigma
-HIV: Privacy VS. Protection
-Setting the Tone
Most Popular
 
About BEIJINGREVIEW | About beijingreview.com | Rss Feeds | Contact us | Advertising | Subscribe & Service | Make Beijing Review your homepage
Copyright Beijing Review All right reserved