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WASHINGTON, Dec. 29 (Xinhua) --The U.S. Commerce Department said on Tuesday that it has set preliminary antidumping duties (AD)on imports of steel grating 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 steel grating in the United States at 14.36 to 145.18 percent less than normal 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 product covered by this investigation is a downstream steel product typically comprised of bearing and cross bars used for walkways, platforms and flooring. From 2006 to 2008, imports of steel grating from China increased 538.44 percent by volume and were valued at an estimated90.7 million dollars in 2008, according to the U.S. Commerce Department. Commerce said that it is currently scheduled to make its final determination in April 2010. If Commerce makes an affirmative final determination, and the U.S. International Trade Commission makes an affirmative final determination that imports of steel grating from China materially injures, or threaten material injury to, the domestic industry, Commerce will issue an antidumping duty order. The new case followed U.S. President Barack Obama's recent decision to impose punitive tariffs on all car and light truck tires from China for three years, a move quickly denounced by China as a "serious act of trade protectionism." 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.
BEIJING, Nov. 17 (Xinhua) -- China and the United States would work together for positive results at the Copenhagen summit slated for December this year, Chinese President Hu Jintao said here on Tuesday. "President Obama and I agreed to expand the China-U.S. cooperation in the fields of climate change, energy and environment," Hu told the press after talks with visiting U.S. President Barack Obama. China and the United States would cooperate with all sides concerned, on the basis of the "common but differentiated responsibilities" principle and their respective capabilities, to help produce positive results at the Copenhagen summit on climate change, said Hu. China and the United States have signed documents of cooperation including a memorandum of understanding on enhancing cooperation on climate change, energy and the environment, and have officially launched an initiative on a joint research center on clean energy, he added.

SHANGHAI, Nov. 15 (Xinhua) -- U.S. President Barack Obama will start his four-day China visit Sunday in Shanghai, and the highlight of his visit in the eastern city will be broadcast live by Xinhuanet, the online news service of the Xinhua News Agency. This is Obama's first visit to China since he took office in the White House more than a year ago. Obama is scheduled to meet with Chinese youth on Monday in Shanghai, during which he will pick up a number of questions out of more than 3,200 put forward by China's Internet users over the past two days. The whole event will be broadcast live online, according to the Xinhuanet. Obama will arrive in Beijing on Monday afternoon.
BEIJING, Dec. 23 (Xinhua) -- Chinese State Councilor Liu Yandong Wednesday said China will broaden international exchanges and learn from other countries in heritage protection. "China will strengthen cooperation with the United Nations Educational, Scientific and Cultural Organization (UNESCO) and other international organizations," Liu said at a ceremony held here Wednesday marking the 30th founding anniversary of China's National Commission for UNESCO. "The Chinese government will keep carrying out international conventions and actively explore scientific laws and effective methods in heritage protection," Liu said. China will stick to the principle of "preservation first" and avoid over-exploitation and destructive construction, Liu said. China is a country with rich cultural and natural heritage. So far, a total of 38 heritage sites in the country have been included in the World Heritage List, and 29 kinds of non-material cultural heritage have been included in the Masterpieces of the Oral and Intangible Heritage of Humanity.
GENEVA, Nov. 30 (Xinhua) -- China will maintain the stability of its Renminbi (RMB) exchange rate all along, which does good for the world economic recovery, Commerce Minister Chen Deming said on Monday. China's exchange rate reform has continued smoothly, and the value of RMB has risen by some 20 percent against the U.S. dollar since 2005, Chen told reporters in Geneva, where he is attending a ministerial conference of the World Trade Organization. Despite the impact of the global financial crisis and all kinds of other difficulties, the Chinese government has actively tried to boost domestic consumption and stimulate imports, Chen said. Visiting Chinese Commerce Minister Chen Deming attends a launching ceremony of China-Swiss joint study to examine the feasibility of a Free Trade Agreement (FTA) in Geneva, Switzerland, Nov. 30, 2009 Maintaining a relatively stable RMB exchange rate serves the need of China's economic development as well as the world's economic stability, he added. According to the minister, China's foreign trade surplus is expected to drop by more than a third to 190 billion dollars this year from last year's 290 billion dollars. Chen also urged the world's major reserve currencies to remain stable. He said the continuous depreciation of these currencies had caused much difficulty for the world economy, and that the attempts to transfer the difficulty to other countries are unjustifiable.
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