China launches anti-dumping probe into EU, US chemical imports

China launches anti-dumping probe into EU, US chemical imports

/ 07:29 AM May 20, 2024

BEIJING — China’s commerce ministry on Sunday said it had launched an anti-dumping investigation into imports of an important engineering chemical from the European Union, the United States, Taiwan, and Japan.

Beijing said it would probe imports of polyoxymethylene copolymer, a thermoplastic used in everything including phones, car parts, and medical equipment.

The investigation will take a year but could be extended by six months, the commerce ministry said.

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The probe follows several similar investigations by the EU into China’s subsidies for its industry.

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READ: EU probes Chinese wind turbine suppliers over subsidies

Last month, the bloc launched a probe into China’s medical devices market over alleged unfair procurement practices.

Beijing said the probe amounted to “protectionism” and warned it would harm the EU’s image.

It also follows sharp hikes in US tariffs on Chinese imports like electric vehicles and semiconductors.

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