China’s Commerce Ministry stated Sunday it had launched an anti-dumping probe into imports of an essential engineering chemical from the European Union, the United States, Taiwan and Japan.
Beijing stated it will probe imports of polyoxymethylene (POM) copolymer, a thermoplastic utilized in every little thing from telephones, automotive components and medical tools.
The investigation will take a 12 months however might be prolonged by six months, the Commerce Ministry stated.
The probe follows various related investigations by the EU into China’s subsidies for its trade.
Last month, the bloc launched a probe into China’s medical gadgets market over alleged unfair procurement practices.
Beijing stated the probe amounted to “protectionism” and warned it will hurt the EU’s picture.
It additionally follows sharp hikes in U.S. tariffs on Chinese imports like electrical automobiles and semiconductors.
Source: www.dailysabah.com