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At the press conference held by the State Council Information Office yesterday, the person in charge of the Ministry of Commerce stated that the United States conducted an investigation on China’s “double reverse†in less than two months on average, which completely violated the rules of the WTO. China reserves all its rights as members of the WTO.
According to Gao Hucheng, deputy director of the Ministry of Commerce, the United States has continuously launched anti-dumping and anti-subsidy mergers on non-road tires, composite woven bags, coated paper, standard steel pipes, and thin-walled rectangular steel pipes since November of last year. The investigation directly involved the export of 860 million U.S. dollars and the employment of 70,000 people in more than 500 enterprises. Within such a short period of time, such a high degree of intensive “double counter†investigations have been launched against Chinese products, which is rare in the history of trade remedy. Since the "Double-Counter" survey is aimed at both the enterprise and the government's policies and institutions, it has a far-reaching impact on the development of China-US economic and trade relations.
Gao Hucheng said that the United States has violated the practice of not opening anti-subsidy investigations in so-called non-market economy countries for 23 years. In the current situation of not recognizing the economic status of China's market, the United States uses the alternative country's approach to dumping calculations. The investigation of "deeply opposing" in this way will inevitably lead to double taxation. This is not permitted by the WTO rules and is completely against the relevant provisions of the WTO. The Chinese side has reiterated on many occasions that China has retained all rights as a member of the WTO against the serious mistakes made by the US in the "double counter-measures" investigation.
The reporter also learned from this press conference that since the establishment of diplomatic relations between China and the United States 28 years ago, bilateral trade volume has grown from 2.5 billion U.S. dollars in 1979 to 266.7 billion U.S. dollars in 2006, an increase of more than 100 times. By the end of 2006, the United States had invested more than 50,000 companies in China, with actual investment exceeding 54 billion U.S. dollars. Chinese enterprises have established more than 1,100 enterprises in the United States and invested approximately 3 billion U.S. dollars in various ways. At present, China and the United States are the second largest trading partners of each other, and China has become the fastest growing major export market in the United States for five consecutive years, with an average annual growth rate of 24%, which is three times the growth rate of the United States in the major export markets. It is also three times the average annual growth rate of the United States' global exports. According to the current pace of development, China is expected to surpass Japan at the end of this year or early next year and become the third largest export market in the United States. U.S. news media believe that in the past 10 years, China’s quality and cheap products have saved US consumers more than US$600 billion.
According to Gao Hucheng, deputy director of the Ministry of Commerce, the United States has continuously launched anti-dumping and anti-subsidy mergers on non-road tires, composite woven bags, coated paper, standard steel pipes, and thin-walled rectangular steel pipes since November of last year. The investigation directly involved the export of 860 million U.S. dollars and the employment of 70,000 people in more than 500 enterprises. Within such a short period of time, such a high degree of intensive “double counter†investigations have been launched against Chinese products, which is rare in the history of trade remedy. Since the "Double-Counter" survey is aimed at both the enterprise and the government's policies and institutions, it has a far-reaching impact on the development of China-US economic and trade relations.
Gao Hucheng said that the United States has violated the practice of not opening anti-subsidy investigations in so-called non-market economy countries for 23 years. In the current situation of not recognizing the economic status of China's market, the United States uses the alternative country's approach to dumping calculations. The investigation of "deeply opposing" in this way will inevitably lead to double taxation. This is not permitted by the WTO rules and is completely against the relevant provisions of the WTO. The Chinese side has reiterated on many occasions that China has retained all rights as a member of the WTO against the serious mistakes made by the US in the "double counter-measures" investigation.
The reporter also learned from this press conference that since the establishment of diplomatic relations between China and the United States 28 years ago, bilateral trade volume has grown from 2.5 billion U.S. dollars in 1979 to 266.7 billion U.S. dollars in 2006, an increase of more than 100 times. By the end of 2006, the United States had invested more than 50,000 companies in China, with actual investment exceeding 54 billion U.S. dollars. Chinese enterprises have established more than 1,100 enterprises in the United States and invested approximately 3 billion U.S. dollars in various ways. At present, China and the United States are the second largest trading partners of each other, and China has become the fastest growing major export market in the United States for five consecutive years, with an average annual growth rate of 24%, which is three times the growth rate of the United States in the major export markets. It is also three times the average annual growth rate of the United States' global exports. According to the current pace of development, China is expected to surpass Japan at the end of this year or early next year and become the third largest export market in the United States. U.S. news media believe that in the past 10 years, China’s quality and cheap products have saved US consumers more than US$600 billion.
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