Economy

    US investigates alleged sops for extrusion firms

    By Ding Qingfen (China Daily)
    Updated: 2010-04-23 09:31
    Large Medium Small

    BEIJING - The United States Commerce Department said on Thursday it will investigate whether Chinese aluminum extrusion manufacturers have received government subsidies and dumped products at rates below the average market price in the US.

    But the department didn't say whether it would probe allegations that China subsidized exports of aluminum extrusion products by undervaluing its currency.

    American producers of aluminum extrusion, who recently claimed that Chinese producers enjoyed a subsidy equivalent to $514 million due to the foreign exchange policy, petitioned the US government for duties on imports of Chinese aluminum extrusions, mainly used in the construction and automobile sectors.

    A report from Guotai Jun'an Securities pointed out that Chinese aluminum extrusion manufacturers, who target the low end of the overseas market, would have their exports and profits squeezed if Washington imposed anti-dumping and anti-subsidy duties.

    China's aluminum exports account for 8.4 percent of total output, and exports to the US make up 1.6 percent. Chinese aluminum exports in the first quarter of 2010 doubled from a year earlier.

    "A more noteworthy issue is that Chinese exports in a wide range of other industries would be continuously challenged by the US in the future when there is trade surplus (with the US) and a large-scale revaluation of the yuan did not happen," said He Weiwen, an executive council member of China Society for World Trade Organization Studies.

    Since late 2008, China and the US have been involved in a number of trade conflicts over tires, poultry, automobiles and steel products.

    China's Ministry of Commerce said, starting on Thursday, the nation will levy anti-dumping duties on "nylon6" imports for five years from the US, European Union and Russia as the imports had hurt local industry.

    Related readings:
    US investigates alleged sops for extrusion firms US initiates antidumping and countervailing duty investigation on Chinese aluminum extrusions
    US investigates alleged sops for extrusion firms Power cuts take sheen off aluminum producers
    US investigates alleged sops for extrusion firms China's 2009 aluminum consumption may rise 12%: Minmetals

    And last week, the Chinese government decided to impose anti-dumping and anti-subsidy duties on flat-rolled electrical steel from the US and Russia.

    China is under pressure from the US to revalue its currency, with Washington claiming that the nation's producers are currently at a disadvantage.

    But the US government decided on April 3 to delay a report due to come out in mid-April on whether to label China a "currency manipulator".

    "The US can hardly start the investigation into the aluminum complaints if the report has not been released and the Obama administration does not make any official statement on the currency issue," said He.

    亚洲成av人片在线观看无码不卡| 国产仑乱无码内谢| 无码色AV一二区在线播放| 国产精品99久久久精品无码| 亚洲成?Ⅴ人在线观看无码| 亚洲AV永久青草无码精品| 天堂在线观看中文字幕| 亚洲AⅤ无码一区二区三区在线 | 国产精品无码专区在线观看| 中文无码久久精品| 伊人热人久久中文字幕| 亚洲国产91精品无码专区| 久久精品aⅴ无码中文字字幕重口| 无码人妻精品一区二区三区99性| 中出人妻中文字幕无码| 中文最新版地址在线| 中文字幕人妻中文AV不卡专区| 亚洲国产精品无码久久SM| 中文字幕在线看视频一区二区三区| 亚洲成A人片在线观看无码3D| 久久精品aⅴ无码中文字字幕重口| 亚洲国产一二三精品无码| 中文字幕手机在线观看| 精品亚洲欧美中文字幕在线看 | yy111111少妇无码影院| 亚洲av永久无码精品表情包| 亚洲av永久无码精品漫画| 亚洲精品无码久久一线| 国产成人无码av| 国产成人无码AV一区二区在线观看| 精品无码一区二区三区电影| 一本精品中文字幕在线| 日韩区欧美区中文字幕| 人妻中文久久久久| 最近中文字幕免费大全| 久久精品aⅴ无码中文字字幕不卡| 精品日韩亚洲AV无码一区二区三区| 日日摸夜夜添无码AVA片| 在线亚洲欧美中文精品| 久久久久av无码免费网| 无码人妻AV一二区二区三区|