China said a European Union investigation into Chinese steel products would damage joint efforts to cope with the euro zone debt crisis, suggesting that Beijing may link its aid to concessions on trade and other matters.
China's Ministry of Commerce said “China is intensely displeased about the EU's anti subsidy investigation into organic coated sheet steel products imported from China and the move will send a wrong signal of trade protectionism to the world.”
Ministry of Commerce said it is a violation of World Trade Organization rules to simultaneously investigate the same products for dumping and subsidy violations.
It added “The investigation will not only cast a shadow over normal steel trade between Europe and China, it will also harm efforts for China and Europe to jointly respond to the crisis.”
It also said “Currently, as the world economy has still not cast off difficulties from the global financial crisis, and many European Union countries are mired in a sovereign debt crisis, every country should be taking a cooperative, open and inclusive attitude to jointly respond to the crisis.”
The statement marks the most explicit link yet drawn by China between its aid to Europe and trade frictions.
Last week, Chinese Premier Mr Wen Jiabao said at a news briefing that China is preparing to increase its involvement in Europe's sovereign bailout fund, the European Financial Stability Facility, while adding later that he also hopes Europe can be prudent in taking trade actions against China.
Henan Hongxing Mining Machinery Co., Ltd is a joint-stock mining machinery manufacturing enterprise integrated in scientific research, production and marketing. It is located at the High & New Technology Industries Development Zone of Zhengzhou,China with an area of 50 thousand m2 which includes 15,000 m2 of standard heavy duty industrial workshop. Equipments are more than 160 pieces, including large and medium sized metal processing, riveting and installing equipments. There are more than 660 workers including 80 administrators with secondary and senior occupational titles and engineering technicians. In order to promote the competitive strength, the advanced technologies have been introduced from America, Germany, Japan and Australia, which established the international advanced production line, first-class modern testing base as well as research centers of sand maker, mill and mine-selecting equipment. Scientific management, advanced processing technology and innovative manufacturing theory make the company become the mining machinery manufacturing and exporting base in China.
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