World Bank: China still largest target of trade remedies

03/06/2010 12:00 - 479 Views

In the first quarter of 2010, 19 new anti-dumping probes were launched worldwide, and nine of them targeted products exported from China, meaning China remains the biggest target of trade remedies, said the World Bank in its latest report on trade and international integration.

All the probes launched against China may become new trade restrictions, according to the report.

There was a 20 percent decrease in newly-initiated investigations in which domestic industries request the imposition of new import restrictions compared to the number during the same time period in 2009, according to the report.

It follows the fourth quarter of 2009, which also saw a 20 percent decrease relative to the same time period in 2008.

In addition to the anti-dumping probes, 10 of the 15 newly-activated trade protection policies made China a target.

The statistics from the report showed that China is encountering a growing number of anti-dumping investigations. The figure was four in 2008, 12 in 2009 and has increased to nine in only the first quarter of 2010.

This was not in line with the global trend of decreasing trade remedy actions, according to the report.

However, the report did not discuss the reason why China faces growing trade frictions.

By People's Daily Online

14:31, May 28, 2010

Source: english.peopledaily.com.cn