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BEIJING, June 2 (Xinhua) -- China opposes the U.S. decision to set final duties of up to more than 200 percent on imports of steel gratings from China, the Ministry of Commerce (MOC) said in a statement Wednesday.This came after the U.S. Commerce Department Tuesday announced final anti-dumping duties of 136.76 to 145.18 percent on the gratings to "offset below-market pricing." It also set a countervailing duty of 62.46 percent.MOC said the United States had acted "discriminatorily" in the anti-dumping and anti-subsidy investigation and made the wrong conclusion, and China is dissatisfied and is opposed to this.Such move could hurt the interests of China, which both Chinese government and enterprises would not accept, the ministry said.China urged the U.S. to take effective measures to correct the mistake, it said.According to the U.S. trade remedy procedure, the U.S. International Trade Commission (ITC) will also make its final injury determination about the product soon.If the ITC makes affirmative final determinations that imports of steel gratings from China materially injure, or threaten material injury to, the domestic industry, the Commerce Department will issue anti-dumping duties and countervailing duties orders.In 2009, the United States imposed a series of trade remedy measures on Chinese products, and the value involved was eight times more than that in 2008, the MOC statement said."Such action not only hurts the interests of China, but also has an adverse impact on bilateral economic and trade ties," it said.China hoped the United States could show restraint in using trade remedy measures and act to fight trade protectionism, it said.
BEIJING, March 27 (Xinhua) -- China's Ministry of Land and Resources (MLR) said Saturday it would assemble more than 1,100 engineers and workers from across the country to dig over 1,600 wells in the country's southwest, where a severe drought is likely to continue.All of those professionals would be arriving at the droughty areas by April 1 and the first batch set off on Saturday, said the MLR in a statement on its website.More than 1,600 wells would be drilled, providing 200,000 cubic meters of drinking water per day for 2 million people and 1 million head of livestock, said the ministry, hoping to finish digging 1,400 of the wells by May 10.So far, the MLR has already dug over 100 wells, which can produce drinking water for more than 100,000 people.The drought, which has left southwest China suffering since last Autumn, would likely continue till May as no substantial rainfall was expected ahead of the rainy season, according to meteorological agencies.It has left 18 million residents and 11.7 million heads of livestock in the region with drinking water shortages and caused direct economic losses of 23.7 billion yuan (3.5 billion U.S. dollars), data from the Ministry of Civil Affairs showed.
TIANJIN, May 13 (Xinhua) -- Premier Wen Jiabao said Thursday that establishing a strategic relationship of cooperation between China and the Arab states was in the interests of all sides.In a meeting with Secretary General of the League of Arab States Amre Moussa in north China's Tianjin, Wen said the sides would discuss establishing the relationship.The fourth Ministerial Meeting of the China-Arab Cooperation Forum, which began Thursday, was attended by foreign ministers or representatives of China and Arab states and Amre Moussa.Wen said the new relationship was conducive to peaceful international development. The 4th Ministerial Conference of the China-Arab Cooperation Forum is held in China's northern port city of Tianjin, on May 13, 2010.China and the Arab states began to describe their relationship as a "new partnership" at the forum's second ministerial meeting in 2006.Wen said he believed more achievements would be made in the development of China-Arab ties, and the ministerial meeting would be a success.He hailed the forum's role in advancing China-Arab relations, saying it had become an important platform for dialogue and practical cooperation.The relationship set a good example for diverse civilizations to learn from each other, make exchanges, and seek common development, he said.Moussa said the Arab states hoped to carry out more exchanges and cooperation with China, in the hope of reinforcing political and cultural contacts, and cementing economic and trade cooperation through the mechanism of the forum.Moussa spoke highly of China's positive and constructive role in the Middle East issues.
SHENZHEN, May 22 (Xinhua) -- Preliminary investigation shows that factors including failed romance, unrestrained gambling could be the reasons behind suicide of a Foxconn Technology Group employee Friday, said police authorities in south China's Shenzhen City.Nan Gang, 21, climbed to the top of a factory building in Foxconn's industrial complex in Longhua Township and fell to his death at 4:37 a.m., said Huang Jianwei, a spokesman of the Bao'an Police Station, of the Shenzhen Public Security Bureau.Nan's suspected suicide was the 10th of the kind ever happening at the Foxconn's Shenzhen plant since the beginning of the year.Police said they learned from investigations that Nan Gang's parents were divorced and Nan was the only child of the family. Nan's ex-girlfriend got married this year in February, and his new girlfriend also deserted him early this month.Nan was said to be ill tempered and fond of gambling, and was thus in deep debts before his death.According to the police, not long ago, Nan had fights with his co-workers, so he employed others to beat the co-workers, but was later blackmailed by the same group of people.Nan allegedly had said he would take revenge and even showed his intent to commit suicide before he fell off the building Friday.Police have already captured the suspects for blackmailing Nan pending further investigation.Shenzhen-based Foxconn's company profile on its website says it's the world's top electronics manufacturer with more than 600,000 employees and ranked 109 among the Fortune 500 companies in 2009. It is linked to Taiwan electronics giant Hon Hai Group.
BEIJING, April 6 (Xinhua) -- China's outstanding external debt reached 428.6 billion U.S.dollars by the end of 2009, up 14.4 percent from a year earlier, the State Administration of Foreign Exchange (SAFE) said here in a statement on its website Tuesday.The figure excluded Hong Kong Special Administrative Region (SAR), Macao SAR, and Taiwan.The country's registered foreign debt was equivalent to 266.95 billion U.S. dollars by the end of last year, up 2.5 percent from the 2008 level. Outstanding trade credits stood at 161.7 billion U.S.dollars, according to SAFE.China's foreign debt service ratio was 2.87 percent, while the foreign debt ratio and liability ratio stood at 32.15 percent and 8.73 percent, respectively, SAFE said.Mid- and long-term external debt, accounting for 39.52 percent of all outstanding foreign debt, totaled 169.39 billion U.S.dollars by 2009, most of which came from manufacturing and infrastructure construction in transportation, storage and postal services, it said.Short-term external debt rose 23 percent to 259.26 billion U.S.dollars year on year by the end of 2009, accounting for 60.48 percent of the total.New mid- and long-term debt in 2009 declined 38.18 percent to 22.45 billion U.S.dollars from a year earlier.China repaid principals for mid- and long-term loans of 34.19 billion U.S. dollars and 3.63 billion U.S. dollars in interest in 2009, up 46.78 percent and down 12.64 percent year on year, respectively, said SAFE.