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.
- Author Articles
- More From This AuthorWhen Lafarge needed a radial stacker for the largest quarry in its northern division, it wanted a monster stacker. The aggregate producer turned to Grasan, which then custom designed a radial stacker for the...Teck Cominco’s Red Dog zinc operation, in the DeLong Mountains of Alaska’s Brooks Range, stands as the world’s largest zinc mine, having undergone a number of expansions since entering production in...With the price of Gold near all-time highs, analysts and investors are beginning to question the underperformance of Gold Mining stocks. Between January and August, the price of gold rose a staggering 29...
- Related Articles
- Related ArticlesIn today's economically strained environment, insurers are looking for more and more ways to improve operational efficiency and to reduce costs. In this scenario, many are resorting to policy administration...Migrating to a new policy administration system is a challenging task for any insurance carrier. Policy administration system is the core of the insurance business as it is the gateway to information into the...Snoopy is a fictional character in the long-running comic strip Peanuts, by Charles M. Schulz. He is Charlie Brown’s pet dog. Snoopy began his life in the strip as a fairly conventional dog, but eventually...Life insurance is one of the most important products in Texas. Having a life insurance policy lets you ensure that your dependents are compensated for the financial loss they will suffer if you have to face...Halloween costume in the Han Dynasty Dress-up costume from the European Han Dynasty (206BC-8AD) followed normally the one set up within the Qin Business (221-206 BC). In the southern part of Han Empire,...
- Latest Articles
- Latest ArticlesMagic Carpet, a renowned Houston based auto transport broker with worldwide connections for transporting or shipping of any kind of vehicle such as trucks, SUVs and vans all across the globe; links with...There are many those people who are afraid of anabolic steroids since they know it is unsafe to utilize this drug. Just like any other drug it can be as good or even as bad just like any other medication if...Island Block knows there are many ways you can best use quality paving products this summer, and they are ready with informed, expert suggestions. We often hear that it’s surprising to many homeowners at...It is not an easy task to develop an iphone application from scratch. However, it needs a basic familiarity with how to get things done with the accessible resources as well as kit. Creating a credit card...CFA Certification is the pioneer credential in the field of finance management. CFA Level I exam training program consists of training courses, CFA classes and Live Virtual Classes and practice test. The...