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WASHINGTON, April 22 (Xinhua) -- The U.S. Commerce Department said on Thursday that it has set preliminary antidumping duties ( AD) on imports of certain seamless pipe from China, a move that might escalate trade disputes between the two countries.The department said it "preliminarily determined that Chinese producers/exporters have sold seamless pipe in the United States at 32.39 to 98.37 percent less than fair value."As a result of this preliminary determination, Commerce will instruct U.S. Customs and Border Protection to collect a cash deposit or bond based on these preliminary rates.The products covered by this investigation are suitable for the conveyance of water, steam, petrochemicals, oil products, natural gas, and other liquids and gasses in industrial piping systems.Imports of certain seamless pipe from China were valued at an estimated 182.3 million U.S. dollars in 2009, according to the U.S. Commerce Department.Commerce said that it is currently scheduled to make its final determination in September 2010.If Commerce makes an affirmative final determination, and the U. S. International Trade Commission makes an affirmative final determination that imports of certain seamless pipe salts from China materially injures, or threaten material injury to, the domestic industry, Commerce will issue an antidumping duty order.The new case followed the Commerce Department's initiation of antidumping (AD) and countervailing (CVD) duty investigation on Chinese aluminum extrusions on Wednesday.The protectionist moves by the Obama administration will ultimately hurt the U.S.-China trade relations, which are becoming more and more important due to the global financial crisis, economists warned.The onset of the global recession appears to have set off an increase in trade disputes around the world.Globally, new requests for protection from imports in the first half of 2009 are up 18.5 percent over the first half of 2008, according to the World Bank-sponsored Global Anti-dumping Database organized by Chad P. Bown, a Brandeis University economics professor.That increase follows a 44 percent increase in new investigations in 2008. And China has become the main target of the rising protectionism.
GUANGZHOU, April 18 (Xinhua) -- China's trade volume will reach 5.3 trillion U.S. dollars by the year 2020, Li Gang, a researcher at the Chinese Academy of International Trade and Economic Cooperation under the Ministry of Commerce, said Sunday.Li made the remakes at the ongoing 107th China Import and Export Fair, the country's largest trade fair, held in the southern city of Guangzhou.According to Li, China's merchandise imports and exports will hit 4.3 trillion U.S. dollars in 2020.Merchandise exports will top other countries and be 2.4 trillion U.S. dollars in 2020, 10.1 percent of the world total.Imports will reach 1.9 trillion U.S. dollars and rank second largest, accounting for 8.2 percent of the world total.Weighed down by the global financial crisis, the nation's foreign trade recorded a 13.9 percent year-on-year decline to 2.2 trillion U.S. dollars in 2009, with merchandise exports of 1.2 trillion U.S. dollars and imports of 1 trillion U.S. dollars.In the first quarter, foreign trade began to grow again, jumping 44.1 percent to 617.85 billion U.S. dollars, according to customs data.
SUZHOU, April 3 (Xinhua) -- China's police chief Meng Jianzhu Saturday called for nationwide coordination to beef up security for the Shanghai World Expo, which runs from May 1 to Oct. 31.Meng, a State Councilor and Minister of Public Security, made the call in a inspection tour to Suzhou city in Shanghai's neighboring province Jiangsu, where he urged police in Shanghai and its adjoining provinces to execute more security efforts.He asked the police in Shanghai, the provinces of Jiangsu and Zhejiang to fully recognize the challenge and complexity of the security work, and to speed up the building of a coordination mechanism among them.Security departments must step up efforts to detect and remove all kinds of security threats, be fully prepared for challenges, and minimize the affect of the security work on people's lives, he said.
BEIJING, May 10 (Xinhua) -- China will conduct consultations with the European Union on the steel fastener trade dispute in line with the rules of the World Trade Organization's disputes settlement system, said an official with the Ministry of Commerce Monday.China's anti-dumping investigation into carbon-steel fastener imports from the EU was based on Chinese regulations and the assessment of the harm to the domestic industry, said the official.The remarks came after the EU filed a complaint Sunday against China at the World Trade Organization over Beijing's decision to impose anti-dumping measures against carbon-steel fastener imports, which included self-tapping screws, bolts and gaskets.Chinese fastener importers were required to pay a deposit to customs based on the margins -- ranging from 16.8 to 24.6 percent -- between the normal value of the products and the alleged dumping price since Dec. 28, 2009.Initial investigations by the Chinese authorities showed the EU had allegedly dumped carbon-steel fasteners on the Chinese market, which caused substantial damage to the local industry.The temporary anti-dumping measures were adopted to safeguard the legitimate rights and interests of the domestic producers, the official said.China started an anti-dumping probe into EU carbon steel fasteners on Dec. 29, 2008, after an application for a probe by the fastener branch of the China General Machine Components Industry Association on behalf of Chinese fastener producers.
BEIJING, May 3 (Xinhua) -- Chinese President Hu Jintao encouraged college students to help advance the country's modernization drive on the eve of Youth Day, calling on them to "nourish lofty ambitions."Replying a letter from students and teachers of the China Agricultural University, Hu said he hoped they could nourish lofty ambitions and contribute to the country's endeavor to solve the issues concerning agriculture, farmers and rural areas.He said the issues are on the top agenda of the central authorities, and the modernization of agriculture is a major task in the country's overall plan to realize modernization.The task means huge responsibility for colleges and institutes specialized in agricultural studies, while at the same time it also offers a platform for agriculture learners and researchers to display their talents, Hu said.The Beijing-based university is a top higher learning institution specialized in agriculture in China. Hu visited the university and talked with students and teachers there a year earlier before Youth Day, which falls on May 4.