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Cherng Yi Hsing provides warranty for product quality
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Cherng Yi Hsing (CYH) acts as a supplier of chrome electroplating with good quality. Their chrome electroplating skill is certified, meaning their electroplated equipment meets all the essential requirements. If you are looking for a supplier of highly-refined and advanced electroplating products, look no further than Cherng Yi Hsing (CYH).
Tags: ABS Electroplating, ABS+PC Electroplating, Auto Accessories, automotive-related products, Chemical Etching, Cherng Yi Hsing, Chrome Electroplating, Chrome plating, Copper Electroplating, Electroless Plating, Electroplating, electroplating products, GE, General Motors Corp., General Motors Corporation, Injection Molding Before Plating, Nickel Electroplating, PC Electroplating, Plastic Plating, Taiwan, technology facilities
Thursday, August 27, 2009
Thursday, August 13, 2009
Indian Mobile Consumers Looking Forward To Number Portability
Indian Mobile Consumers Looking Forward To Number Portability
Indian Mobile Consumers Looking Forward To Number Portability
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Thursday, August 13, 2009
By jih
It used to be that if a mobile phone customer wanted to switch service providers, they had to give up their old phone number. And if one had a particularly “good” number or had the number for several years, the inability to retain that number was a huge disincentive to switch services. But several years ago, the ability to carry one’s number from carrier to carrier became a reality in the U.S., spurring greater competition among carriers. And with mobile number portability (MNP) being contemplated in India, some consumers there would consider making some changes, according to new research from The Nielsen Company.
Close to one in five (18%) of Indian mobile customers said that they would change their operator if they have the ability to retain their number. For some mobile services, this news might cause some concern: a quarter of customers of Reliance and Tata Indicom said that they would be keen to change if MNP becomes reality, while 19 percent of BSNL subscribers would do the same.
Those most likely to switch: high spenders, postpaid subscribers and business subscribers indicated a higher tendency to change carriers versus prepaid and low to medium spenders. Postpaid spenders have almost double the minutes usage of prepaid subscribers, and also have a far higher usage of data applications.
“When MNP was introduced in the U.S., price and promotions were by far the leading drivers of acquisition. Ultimately, the operator who leveraged the consumer propensity to choose based on those criteria was successful in riding the MNP wave. In India, MNP can be leveraged by operators through smart, targeted marketing and promotions to coincide with the introduction of MNP. It presents a powerful opportunity for operators to drive in-bound porting of high-value subscribers provided they have a good understanding of who is more likely to switch and why,” said Shankari Panchapakesan, Executive Director, Telecom Practice at Nielsen India.
According to Nielsen’s research, 39 percent of those surveyed said they selected their mobile operator based on price, while network quality was the driver of choice for 36 percent. Promotion, reputation and customer service were also identified as considerations.
Nielsen’s Mobile Consumer Insights study surveyed 12,500 Indian mobile subscribers across 50 metropolitan areas.
Tags: cellular telephone, Executive Director, India, Local number portability, Mobile number portability, mobile operator, Nielsen India, Prepaid mobile phone, Reliance, Reliance Equity Advantage Fund-Institutional-Bonus, Shankari Panchapakesan, Tata Indicom, Tata Teleservices, Telecom Practice, The Nielsen Company
Indian Mobile Consumers Looking Forward To Number Portability
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Thursday, August 13, 2009
By jih
It used to be that if a mobile phone customer wanted to switch service providers, they had to give up their old phone number. And if one had a particularly “good” number or had the number for several years, the inability to retain that number was a huge disincentive to switch services. But several years ago, the ability to carry one’s number from carrier to carrier became a reality in the U.S., spurring greater competition among carriers. And with mobile number portability (MNP) being contemplated in India, some consumers there would consider making some changes, according to new research from The Nielsen Company.
Close to one in five (18%) of Indian mobile customers said that they would change their operator if they have the ability to retain their number. For some mobile services, this news might cause some concern: a quarter of customers of Reliance and Tata Indicom said that they would be keen to change if MNP becomes reality, while 19 percent of BSNL subscribers would do the same.
Those most likely to switch: high spenders, postpaid subscribers and business subscribers indicated a higher tendency to change carriers versus prepaid and low to medium spenders. Postpaid spenders have almost double the minutes usage of prepaid subscribers, and also have a far higher usage of data applications.
“When MNP was introduced in the U.S., price and promotions were by far the leading drivers of acquisition. Ultimately, the operator who leveraged the consumer propensity to choose based on those criteria was successful in riding the MNP wave. In India, MNP can be leveraged by operators through smart, targeted marketing and promotions to coincide with the introduction of MNP. It presents a powerful opportunity for operators to drive in-bound porting of high-value subscribers provided they have a good understanding of who is more likely to switch and why,” said Shankari Panchapakesan, Executive Director, Telecom Practice at Nielsen India.
According to Nielsen’s research, 39 percent of those surveyed said they selected their mobile operator based on price, while network quality was the driver of choice for 36 percent. Promotion, reputation and customer service were also identified as considerations.
Nielsen’s Mobile Consumer Insights study surveyed 12,500 Indian mobile subscribers across 50 metropolitan areas.
Tags: cellular telephone, Executive Director, India, Local number portability, Mobile number portability, mobile operator, Nielsen India, Prepaid mobile phone, Reliance, Reliance Equity Advantage Fund-Institutional-Bonus, Shankari Panchapakesan, Tata Indicom, Tata Teleservices, Telecom Practice, The Nielsen Company
Enova Delivers Hybrid Drive Systems to First Auto Works
Enova Delivers Hybrid Drive Systems to First Auto Works
Enova Delivers Hybrid Drive Systems to First Auto Works
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Thursday, August 13, 2009
By jih
Executes Supply Agreement for 800 Hybrid Systems in 2010
TORRANCE, Calif.– (BUSINESS WIRE) — Enova Systems, Inc. (NYSE Alternext: ENA) (AIM: ENV) (AIM: ENVS), a production company in the emerging alternative energy industry and a leading developer of proprietary electric, hybrid and fuel cell digital power management systems, confirmed that it has delivered the first seventy (70) pre-transmission hybrid drive systems to First Auto Works. FAW has ordered an additional one hundred-fifty (150) hybrid drive systems for delivery in 2009.
Enova Systems and First Auto Works have executed an agreement to supply a further eight hundred (800) pre-transmission hybrid drive systems in 2010.
Enova Systems CEO Mike Staran commented, “These developments represent a solidification of Enova as a tier one production supplier of unique clean vehicle solutions, capable of serving the largest vehicle OEM’s in the world. Enova expects that this agreement will assist us in targeting additional business for rapid growth, especially in China.”
Enova has implemented significant process improvements to increase capacity, quality control, and lower cost, thereby improving the value proposition for customers. The improvements are part of Enova’s initiative over the past 18 months to increase output for anticipated demand from core customers and a growing clean energy market.
First Auto Works is one of China’s largest vehicle producers, manufacturing in excess of 1,000,000 vehicles annually. The Enova drive system will be integrated and branded under the name of Jiefang. The Jiefang 12 meter hybrid bus can carry 103 passengers and travel at a maximum speed of 85 kilometers an hour. The bus meets Euro III emission standards. It will consume only 30 liters of fuel every 100 kilometers and discharge 20 percent less emissions.
These hybrid power buses are part of China’s initiative to produce 500,000 electric and hybrid power vehicles. The initiative will account for 5 percent of the automobile market, which is in accordance with China’s three-year development plan for the auto industry, released in February.
China is offering subsidies in 13 trial cities, including Beijing, Shanghai, Changchun, Dalian and Shenzhen. Each energy-saving or new energy vehicle used in public services attracts a subsidy of up to 600,000 yuan, according to a new policy jointly issued by Ministry of Science and Technology and Ministry of Finance.
The municipal government of Dalian and the city of Changchun has ordered many of the hybrid buses. Fifty (50) buses will be running in the city during the Summer Davos event, all of which will incorporate Enova’s drive system.
Tags: Alternative propulsion, Beijing, Business_Finance, California, Canton of Graubünden, Charge-depleting, China, clean energy market, clean vehicle solutions, Davos, Electric vehicle, Electrification, Energy conservation, energy industry, energy vehicle, energy-saving, Enova Systems, Enova Systems Inc., environment, First Auto Works, Fuel cell, fuel cell digital power management systems, Guangdong Province, hybrid drive systems, Ministry of Finance, Ministry of Science and Technology, municipal government, production supplier, public services, Shanghai, Shenzhen, Switzerland, Technology_Internet, Torrance, United States
Enova Delivers Hybrid Drive Systems to First Auto Works
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Thursday, August 13, 2009
By jih
Executes Supply Agreement for 800 Hybrid Systems in 2010
TORRANCE, Calif.– (BUSINESS WIRE) — Enova Systems, Inc. (NYSE Alternext: ENA) (AIM: ENV) (AIM: ENVS), a production company in the emerging alternative energy industry and a leading developer of proprietary electric, hybrid and fuel cell digital power management systems, confirmed that it has delivered the first seventy (70) pre-transmission hybrid drive systems to First Auto Works. FAW has ordered an additional one hundred-fifty (150) hybrid drive systems for delivery in 2009.
Enova Systems and First Auto Works have executed an agreement to supply a further eight hundred (800) pre-transmission hybrid drive systems in 2010.
Enova Systems CEO Mike Staran commented, “These developments represent a solidification of Enova as a tier one production supplier of unique clean vehicle solutions, capable of serving the largest vehicle OEM’s in the world. Enova expects that this agreement will assist us in targeting additional business for rapid growth, especially in China.”
Enova has implemented significant process improvements to increase capacity, quality control, and lower cost, thereby improving the value proposition for customers. The improvements are part of Enova’s initiative over the past 18 months to increase output for anticipated demand from core customers and a growing clean energy market.
First Auto Works is one of China’s largest vehicle producers, manufacturing in excess of 1,000,000 vehicles annually. The Enova drive system will be integrated and branded under the name of Jiefang. The Jiefang 12 meter hybrid bus can carry 103 passengers and travel at a maximum speed of 85 kilometers an hour. The bus meets Euro III emission standards. It will consume only 30 liters of fuel every 100 kilometers and discharge 20 percent less emissions.
These hybrid power buses are part of China’s initiative to produce 500,000 electric and hybrid power vehicles. The initiative will account for 5 percent of the automobile market, which is in accordance with China’s three-year development plan for the auto industry, released in February.
China is offering subsidies in 13 trial cities, including Beijing, Shanghai, Changchun, Dalian and Shenzhen. Each energy-saving or new energy vehicle used in public services attracts a subsidy of up to 600,000 yuan, according to a new policy jointly issued by Ministry of Science and Technology and Ministry of Finance.
The municipal government of Dalian and the city of Changchun has ordered many of the hybrid buses. Fifty (50) buses will be running in the city during the Summer Davos event, all of which will incorporate Enova’s drive system.
Tags: Alternative propulsion, Beijing, Business_Finance, California, Canton of Graubünden, Charge-depleting, China, clean energy market, clean vehicle solutions, Davos, Electric vehicle, Electrification, Energy conservation, energy industry, energy vehicle, energy-saving, Enova Systems, Enova Systems Inc., environment, First Auto Works, Fuel cell, fuel cell digital power management systems, Guangdong Province, hybrid drive systems, Ministry of Finance, Ministry of Science and Technology, municipal government, production supplier, public services, Shanghai, Shenzhen, Switzerland, Technology_Internet, Torrance, United States
China’s credit structure improved in H1: regulator
China’s credit structure improved in H1: regulator
China’s credit structure improved in H1: regulator
BEIJING, Aug. 9 (Xinhua) — China’s credit structure had been improved as a result of risk reduction, despite the dramatic surge in new loans in the first half, the country’s banking regulator said here Sunday.
Chinese lenders granted 7.72 trillion yuan (1.14 trillion U.S. dollars) of both local and foreign currency loans in the first half of this year, an increase of 4.99 trillion yuan from a year ago, the China Banking Regulatory Commission (CBRC) said in a report on its website.
More loans had been channeled to the country’s less developed western regions, according to the CBRC.
It said among the top five provinces, autonomous regions and municipalities that had seen fastest increase in loans, four are in western China, while nine of the top ten are in mid or western China.
More than half, or 51.6 percent, of the longer-term yuan-denominated loans — 1.6 trillion yuan — have been dedicated to infrastructure projects that would improve public facilities, according to the report.
Among the total, 892.1 billion yuan were for public facilities such as water conservation and environmental protection and others, 524.9 billion yuan for public transport, cargo storage and the postal sector, and 180.7 billion yuan for power generation, and production and supplies of gas and water.
In the first half, more than half of corporate loans, or 54.3 percent, had been lent to small and medium-sized enterprises (SMEs), the CBRC said.
At the end of June, outstanding loans to SMEs stood at 13.7 trillion yuan, up 2.7 trillion yuan, or 24.1 percent, from the beginning of the year. The loan growth was 1.5 percentage points higher than the overall corporate loans.
Growth in loans to the rural sector also outpaced that of total loans, by 2.7 percentage points. The outstanding loans to the rural sector reached 8.3 trillion yuan at the end of June, up 23 percent from the beginning of the year.
Credit for personal consumption also rose in the first half. The outstanding loans dedicated to personal consumption was 4.4 trillion yuan at the end of June.
It represented an increase of 650.8 billion yuan in the first half, which was 392 billion yuan more than a year ago due to a surge in home mortgage loans and a rapid growth in auto loans.
The non-performing loans (NPL) at the country’s commercial banks continued to fall, despite the loan surge, down 42.7 billion yuan from the beginning of the year to 520.8 billion yuan at the end of June. The NPL ratio fell 0.64 percentage point to 1.8 percent.
The structure of loan growth was in line with the country’s macro control policies, the CBRC said.
Tags: Banking, Beijing, Business_Finance, China, China Banking Regulatory Commission, CNY, Economic history of the United States, finance, Mortgage, Mortgage loan, Subprime mortgage crisis, USD
China’s credit structure improved in H1: regulator
BEIJING, Aug. 9 (Xinhua) — China’s credit structure had been improved as a result of risk reduction, despite the dramatic surge in new loans in the first half, the country’s banking regulator said here Sunday.
Chinese lenders granted 7.72 trillion yuan (1.14 trillion U.S. dollars) of both local and foreign currency loans in the first half of this year, an increase of 4.99 trillion yuan from a year ago, the China Banking Regulatory Commission (CBRC) said in a report on its website.
More loans had been channeled to the country’s less developed western regions, according to the CBRC.
It said among the top five provinces, autonomous regions and municipalities that had seen fastest increase in loans, four are in western China, while nine of the top ten are in mid or western China.
More than half, or 51.6 percent, of the longer-term yuan-denominated loans — 1.6 trillion yuan — have been dedicated to infrastructure projects that would improve public facilities, according to the report.
Among the total, 892.1 billion yuan were for public facilities such as water conservation and environmental protection and others, 524.9 billion yuan for public transport, cargo storage and the postal sector, and 180.7 billion yuan for power generation, and production and supplies of gas and water.
In the first half, more than half of corporate loans, or 54.3 percent, had been lent to small and medium-sized enterprises (SMEs), the CBRC said.
At the end of June, outstanding loans to SMEs stood at 13.7 trillion yuan, up 2.7 trillion yuan, or 24.1 percent, from the beginning of the year. The loan growth was 1.5 percentage points higher than the overall corporate loans.
Growth in loans to the rural sector also outpaced that of total loans, by 2.7 percentage points. The outstanding loans to the rural sector reached 8.3 trillion yuan at the end of June, up 23 percent from the beginning of the year.
Credit for personal consumption also rose in the first half. The outstanding loans dedicated to personal consumption was 4.4 trillion yuan at the end of June.
It represented an increase of 650.8 billion yuan in the first half, which was 392 billion yuan more than a year ago due to a surge in home mortgage loans and a rapid growth in auto loans.
The non-performing loans (NPL) at the country’s commercial banks continued to fall, despite the loan surge, down 42.7 billion yuan from the beginning of the year to 520.8 billion yuan at the end of June. The NPL ratio fell 0.64 percentage point to 1.8 percent.
The structure of loan growth was in line with the country’s macro control policies, the CBRC said.
Tags: Banking, Beijing, Business_Finance, China, China Banking Regulatory Commission, CNY, Economic history of the United States, finance, Mortgage, Mortgage loan, Subprime mortgage crisis, USD
Sunday, August 2, 2009
Eurozone economic sentiment continues to recover in July
Eurozone economic sentiment continues to recover in July
Eurozone economic sentiment continues to recover in July
Sunday, August 2, 2009
By junco
Eurozone economic sentiment continues to recover in July
www.chinaview.cn 2009-07-30 23:39:37 Print
BRUSSELS, July 30 (Xinhua) — The Economic Sentiment Indicator (ESI) for the European Union (EU) and the euro area improved further in July, the fourth consecutive increase in both areas since the trough in March, the EU executive Commission said on Thursday.
However, in both areas, the level is still far below the long-term average. The ESI increased by 3.9 points in the EU to 75, and by 2.8 points in the euro area to 76 points.
Recovery of the industrial confidence indicator continued, backed by a further improvement in production expectations and normalisation in the level of stocks, the Commission said.
Manufacturers’ order books finally showed some improvement after a slide that has lasted more than a year.
But both stocks of finished goods and production expectations remained below their long-term averages and, more importantly, industrial activity remained weak, as manifested by the all-time low level of capacity utilisation, it said.
The increase in the ESI resulted from a general improvement in sentiment in all sectors, except construction.
Services notably improved in the EU by 3.6 points and to a lesser extent in the euro area by 2.1 points.
Retail trade rose by 2.9 points in the EU and 3.5 in the euro area, while industry continued its improvement from the trough in March by 2.7 and 2.2 points, respectively.
Likewise, sentiment among consumers picked up again by 1.9 in the EU and 2.1 in the euro area.
Construction, in contrast, remained at June levels.
The majority of the EU member states registered an improvement. Among the largest member states, Britain saw a 5.0-point rise, followed by Spain with 3.9 points, Italy 3.5 and Germany 3.2. But the rise was a marginal 0.3 in France, 0.2 in the Netherlands and 0.1 in Poland.
The financial services confidence indicator – not included in the ESI – moved up by 2.0 points in both areas. While managers’ assessment of the business situation and demand over the past three months improved markedly, expectations of demand for the next three months decreased substantially compared with the improvement registered last month.
In a separate report, the Commission said the Business Climate Indicator (BCI) continues to recover in July in both the EU and the euro zone, but noted the level was still very low, even when compared to the previous historical lows of 1993.
“This suggests that year-on-year industrial production growth will have been negative in June and will remain subdued in July,” said the Commission.
The rise in the BCI reflected an overall easing. In particular, both order books and export order books finally showed some signs of improving.
Managers’ production expectations and their perception of the production trend observed in recent months picked up for the fourth month in a row.
Their opinion of stocks of finished goods improved as well, even though the level of stocks was still considered excessive.
Editor: Yan
Eurozone economic sentiment continues to recover in July
Sunday, August 2, 2009
By junco
Eurozone economic sentiment continues to recover in July
www.chinaview.cn 2009-07-30 23:39:37 Print
BRUSSELS, July 30 (Xinhua) — The Economic Sentiment Indicator (ESI) for the European Union (EU) and the euro area improved further in July, the fourth consecutive increase in both areas since the trough in March, the EU executive Commission said on Thursday.
However, in both areas, the level is still far below the long-term average. The ESI increased by 3.9 points in the EU to 75, and by 2.8 points in the euro area to 76 points.
Recovery of the industrial confidence indicator continued, backed by a further improvement in production expectations and normalisation in the level of stocks, the Commission said.
Manufacturers’ order books finally showed some improvement after a slide that has lasted more than a year.
But both stocks of finished goods and production expectations remained below their long-term averages and, more importantly, industrial activity remained weak, as manifested by the all-time low level of capacity utilisation, it said.
The increase in the ESI resulted from a general improvement in sentiment in all sectors, except construction.
Services notably improved in the EU by 3.6 points and to a lesser extent in the euro area by 2.1 points.
Retail trade rose by 2.9 points in the EU and 3.5 in the euro area, while industry continued its improvement from the trough in March by 2.7 and 2.2 points, respectively.
Likewise, sentiment among consumers picked up again by 1.9 in the EU and 2.1 in the euro area.
Construction, in contrast, remained at June levels.
The majority of the EU member states registered an improvement. Among the largest member states, Britain saw a 5.0-point rise, followed by Spain with 3.9 points, Italy 3.5 and Germany 3.2. But the rise was a marginal 0.3 in France, 0.2 in the Netherlands and 0.1 in Poland.
The financial services confidence indicator – not included in the ESI – moved up by 2.0 points in both areas. While managers’ assessment of the business situation and demand over the past three months improved markedly, expectations of demand for the next three months decreased substantially compared with the improvement registered last month.
In a separate report, the Commission said the Business Climate Indicator (BCI) continues to recover in July in both the EU and the euro zone, but noted the level was still very low, even when compared to the previous historical lows of 1993.
“This suggests that year-on-year industrial production growth will have been negative in June and will remain subdued in July,” said the Commission.
The rise in the BCI reflected an overall easing. In particular, both order books and export order books finally showed some signs of improving.
Managers’ production expectations and their perception of the production trend observed in recent months picked up for the fourth month in a row.
Their opinion of stocks of finished goods improved as well, even though the level of stocks was still considered excessive.
Editor: Yan
China a major target of trade protectionism: Official
China a major target of trade protectionism: Official
China a major target of trade protectionism: Official
Sunday, August 2, 2009
By junco
China a major target of trade protectionism: Official
www.chinaview.cn 2009-07-31 08:15:40 Print
BEIJING, July 31 — China can expect to be a major target of rising trade protectionism – particularly from the United States and India – as the world struggles to recover from the global financial crisis, the Ministry of Commerce (MOFCOM) said Thursday.
The crisis has pushed trade protectionist cases to a historical high.
"The US is abusing trade protectionist tools to help its own industries tide over the economic slowdown. The loss for Chinese businesses is huge," said Zhou Xiaoyan, deputy director of the China Bureau of Fair Trade for Imports & Exports.
As a consequence, China will have an even harder time than it does now, encountering anti-dumping, anti-subsidy and special protection cases, officials said.
From last September to this June, the main World Trade Organization members, including the US and European nations, launched 77 cases worth $9.8 billion against China, increasing the number by 112 percent from a year earlier.
Zhou said, moreover, that due to the sharp competitiveness of Chinese products and to the advantage it has of cheap labor costs, sufficient funds and high-quality technology, the country will be targeted for some time.
The fair trade bureau, which is under MOFCOM, is responsible for dealing with trade protectionist cases.
Cases centering on green barriers, such as a carbon tariff measure that the US might launch against developing nations to protect its businesses, will be another hot trend.
China has especially been facing trade protectionist measures related to labor-intensive categories.
The US and India have been among the most aggressive in the rising wave of protectionism, officials said.
In April, for example, the US launched an anti-dumping and anti-subsidy investigation of oil-well steel tubing worth $3.2 billion, one of the largest ever for China.
And also in April, the US launched a case against Chinese tire makers valued at about $2.2 billion, also the largest such case for China.
The tire case, if approved by President Barack Obama in the fall, could spark a series of such cases by other nations.
“The US has been a leader in launching measures against China,” said Wang Rongjun, a professor at the Institute of American Studies of the Chinese Academy of Social Sciences.
“The US,” Wang said, “expects to transfer part of its economic slowdown to China, which is believed to be the quickest to recover.”
China and the US are each other’s second-largest trade partner. The two nations have stressed since late 2008 that they have been fighting trade protectionism, including at the China-US Strategic and Economic Dialogue held in Washington this week.
And in the case of India, it now has the most cases pending against China – from last September to June, it accounted for about 40 percent of the total. The cases cover a wide range of products, including textile, steel and chemicals.
“As newly emerging nations are being brought directly into competing against China, the upward trend will continue,” Zhou said.
Despite falling exports, China still holds the largest share of labor-intensive products in the American and European markets, which threatens Indian businesses.
“Compared with the US, India is far from reasonable,” said Fu Donghui, managing director of the Beijing Allbright Law Firm, which deals with anti-dumping and anti-subsidy cases.
“The Indians find any opportunity to challenge the Chinese. As long as there is any call from an Indian enterprise, the Indian government will launch an investigation, even without research.”
The MOFCOM plans to focus on cases involving the US and India. “We expect to find out the reasons behind that growth and learn how to avoid them in the future,” Zhou said.
For years, the Chinese government shied away from appealing to the WTO for help in battling trade protectionist measures.
“The government should have actively appealed to the WTO to prevent foreign nations from abusing its rights,” Fu said.
China will now use the WTO tools to prevent its businesses from being hurt by foreign counterparts, but, nonetheless, it will be prudent, Zhou said.
(Source: China Daily)
China a major target of trade protectionism: Official
Sunday, August 2, 2009
By junco
China a major target of trade protectionism: Official
www.chinaview.cn 2009-07-31 08:15:40 Print
BEIJING, July 31 — China can expect to be a major target of rising trade protectionism – particularly from the United States and India – as the world struggles to recover from the global financial crisis, the Ministry of Commerce (MOFCOM) said Thursday.
The crisis has pushed trade protectionist cases to a historical high.
"The US is abusing trade protectionist tools to help its own industries tide over the economic slowdown. The loss for Chinese businesses is huge," said Zhou Xiaoyan, deputy director of the China Bureau of Fair Trade for Imports & Exports.
As a consequence, China will have an even harder time than it does now, encountering anti-dumping, anti-subsidy and special protection cases, officials said.
From last September to this June, the main World Trade Organization members, including the US and European nations, launched 77 cases worth $9.8 billion against China, increasing the number by 112 percent from a year earlier.
Zhou said, moreover, that due to the sharp competitiveness of Chinese products and to the advantage it has of cheap labor costs, sufficient funds and high-quality technology, the country will be targeted for some time.
The fair trade bureau, which is under MOFCOM, is responsible for dealing with trade protectionist cases.
Cases centering on green barriers, such as a carbon tariff measure that the US might launch against developing nations to protect its businesses, will be another hot trend.
China has especially been facing trade protectionist measures related to labor-intensive categories.
The US and India have been among the most aggressive in the rising wave of protectionism, officials said.
In April, for example, the US launched an anti-dumping and anti-subsidy investigation of oil-well steel tubing worth $3.2 billion, one of the largest ever for China.
And also in April, the US launched a case against Chinese tire makers valued at about $2.2 billion, also the largest such case for China.
The tire case, if approved by President Barack Obama in the fall, could spark a series of such cases by other nations.
“The US has been a leader in launching measures against China,” said Wang Rongjun, a professor at the Institute of American Studies of the Chinese Academy of Social Sciences.
“The US,” Wang said, “expects to transfer part of its economic slowdown to China, which is believed to be the quickest to recover.”
China and the US are each other’s second-largest trade partner. The two nations have stressed since late 2008 that they have been fighting trade protectionism, including at the China-US Strategic and Economic Dialogue held in Washington this week.
And in the case of India, it now has the most cases pending against China – from last September to June, it accounted for about 40 percent of the total. The cases cover a wide range of products, including textile, steel and chemicals.
“As newly emerging nations are being brought directly into competing against China, the upward trend will continue,” Zhou said.
Despite falling exports, China still holds the largest share of labor-intensive products in the American and European markets, which threatens Indian businesses.
“Compared with the US, India is far from reasonable,” said Fu Donghui, managing director of the Beijing Allbright Law Firm, which deals with anti-dumping and anti-subsidy cases.
“The Indians find any opportunity to challenge the Chinese. As long as there is any call from an Indian enterprise, the Indian government will launch an investigation, even without research.”
The MOFCOM plans to focus on cases involving the US and India. “We expect to find out the reasons behind that growth and learn how to avoid them in the future,” Zhou said.
For years, the Chinese government shied away from appealing to the WTO for help in battling trade protectionist measures.
“The government should have actively appealed to the WTO to prevent foreign nations from abusing its rights,” Fu said.
China will now use the WTO tools to prevent its businesses from being hurt by foreign counterparts, but, nonetheless, it will be prudent, Zhou said.
(Source: China Daily)
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