The report, quoting a Chinese Ministry of Commerce (MOC) spokesman Yao Jian, said the MOC made this remarks on its website after the EU announced its anti-subsidy and anti-dumping duties on Chinese coated fine paper — used for high-quality printing.
The EU has violated the World Trade Organization (WTO) rules by imposing both anti-subsidy and anti-dumping trade remedies on the same goods, Yao was quoted saying.
The Chinese government and enterprises provided much evidence to show the coated fine paper industry in China is a competitive one where market economy principles are applied and the government never intervened in company operations or goods pricing, Yao said.
The EU ruling contravened many WTO rules and seriously impaired the interests of Chinese enterprises, according to the Chinese.
China will carefully study and evaluate the final ruling and reserve its right to take legal action accordingly to protect the interests of Chinese enterprises, Yao said.
The anti-subsidy duties will range from about 4% to 12% and the anti-dumping tariffs will range from 8% to 35.1%.
The dual duties would last for the next five years and could be extended if the expiry leads to a recurrence of injury to the European paper industry, the European Commission said.
The EU launched an anti-dumping investigation into imports of Chinese coated fine paper in February 2010, followed by an anti-subsidy investigation two months later. — Source: XinhuaNews