China will take necessary measures to ensure Chinese aluminum
companies' legal rights, the Ministry of Commerce said on Wednesday
after the United States government launched its first self-initiated,
anti-dumping and countervailing duty cases in 25 years.
The ministry's announcement came after the US Commerce Department
launched the investigations on Tuesday covering more than $600 million
worth of imports of common alloy aluminum sheet from China.
Wang Hejun, head of the trade remedy and investigation bureau at the
Ministry of Commerce, said such anti-dumping duty investigations against
the aluminum sheet that China exports are the first such actions
initiated by the US Department of Commerce instead of a US industrial
association in a quarter-century.
"It is a rare case in the history of international trade and has sparked strong dissatisfaction in China," he said.
The US claims that "some evidence shows Chinese manufacturers are
shipping aluminum sheet to the country at prices that are lower than
fair value and that the Chinese government is providing unfair subsidies
to factories of aluminum sheet", Wang said.
"The aluminum industries in the two countries are complementary to
each other and trade in such products is two-way," he said. "Disturbing
routine trade activities in aluminum will harm the interests of both
sides."
Chinese demand for aluminum is more than half of global demand at an
estimated 60 million metric tons this year, according to the
London-based the International Aluminum Institute.
This is the third case of trade friction between China and the US this month.
The US Commerce Department released its final ruling on Nov 13 on the
anti-dumping and countervailing investigations against plywood imported
from China, setting a 183.36 percent dumping margin and a subsidy range
for Chinese companies of between 22.98 percent and 194.90 percent. A
dumping margin is the amount by which the normal value is determined to
exceed the export price of merchandise.
On Nov 23, the US Commerce Department also announced that certain
tool chests and cabinets from China had a subsidy range of 14.03 percent
to 95.56 percent. It ordered US Customs and Border Protection to
collect cash deposits from importers.
Gao Peiyong, director of the Institute of Economics at the Chinese
Academy of Social Sciences in Beijing, said, "US manufacturing
businesses not only accounted for the most profitable sectors but also a
number of segments with the highest industrial value added. They also
diverted low-end segments to global markets."
source:http://www.chinadaily.com.cn/business/2017-11/30/content_35132400.htm