China and Europe and the sharp escalation of trade friction

Recently, China experienced a succession of trade friction.

16 September, the European Commission once again to the Chinese data card launched anti-subsidy investigation, and as early as June 30, the product has been the EU's anti-dumping and safeguard measures. The case is the first time in the European Union on the same product at the same time as the "three anti" investigation, involving some 41 billion. This is also the amount involved so far encountered in China's largest trade remedy investigations.

The same day, the European Commission announced, the imported from China, the highest fiber glass collection 43.6% of the provisional anti-dumping duty. And that anti-dumping investigation procedures will continue, EU Member States will ultimately determine whether the imposition of a five-year final anti-dumping duty.

These two cases just recently numerous trade friction in miniature. In fact, the financial crisis, China has become the United States trade remedy measures abused the biggest victims. Just 3 days ago, the United States Department of Commerce to finalize, decided on imports from China of seamless steel pipe levy 13.66%-53.65% of countervailing duties, and 48.99%-98.74% anti-dumping duties, far higher than the tax rate applied. April, United States Department of Commerce has on coated paper, aluminum extrusion launched anti-subsidy investigation.

Are facing a serious situation of trade friction, the Chinese Government and enterprises on the one hand, on the other hand is also actively involved in the initiative.

In April of this year, the Chinese Ministry of Commerce ruling on United States imported oriented electrical steel levy of anti-dumping and countervailing duties. This is also the first time in China on imports of products of "double-reverse" survey.

Accustomed to being the United States and the people will not give in. United States Trade Representative Ron Kirk · announced that United States 15 may have to make two of the World Trade Organization against China trade dispute case consultation request, an import from China on the United States oriented electric steel implementation of anti-dumping and countervailing duty cases, and the other on United States electronic payment service provider in China limited.

Frequent trade friction, more and more clearly a message that China might encounter trade war. Brookings senior fellow at the Hu nonresident recently said there is Yong Tai, economists think the United States and China now distance trade war already. (Source: Shanghai Securities News)