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China Responds

- 7/7/2009
Beijing, China – Responding to anti-dumping and countervailing investigations into imports of Chinese steel products (such as wire decking), the Ministry of Commerce in China posted a strongly worded statement on its Web site rejecting the decision and expressed its concerns on the protectionism trend.

"China is shocked at the frequency of the cases and the strength of the targeting," the statement reads. "The Chinese industry is extremely dissatisfied and the government deeply concerned."

Fu Donghui, a lawyer with the Beijing-based Albright Law Office, said the U.S. government and industries are showing an inclination of rising trade protectionism since the financial crisis expanded to more industries. He added that if the U.S. government decides to levy punitive duties on certain steel imports from China after the investigations, it would be a big blow to exporters, who are already faced with dwindling orders.

He suggests that the Chinese government should hold more high-profile talks and negotiations with the U.S. and other governments to eliminate protectionism.

Read the full story at chinadaily.com.

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