CCTV.com - CNTV English - CCTV News

Australia anti-dumping duties on Chinese wheels

06-12-2012 14:44 BJT

Watch Video

Play Video

One export sector in China is beginning to feel the pinch of new anti-dumping duties set in place by Australia.

Anti-dumping duties against Australian imports of alloy wheels from China have taken effect. Companies which export from China face fees ranging from 2% to as high as almost 88%.

Local and foreign firms which produce alloy wheels for export now have to rethink their strategies and reshuffle their supply chains to cope with this new challenge.

At the heart of the issue is the result of an Australian Government investigation which claims that alloy wheels coming from China are unfairly under-priced. Investigators say that Chinese manufacturers receive various forms of government assistance such as tax breaks and cheap aluminum raw materials from state-owned smelters.

But some well-known companies here including YHI Shanghai disagree with the findings, saying that they pay the same proportion of raw material costs and in fact, pay more for aluminum in China. They are also questioning whether the measures accurately target the proper product segments.

Economists also say that many of the alleged government supports do not exist.

Mei Xinyu, economist of Department of Trade, MOFCOM, said, "Most of these accusations are not true. Some measures were already cancelled 5-10 years ago. The accusation of Chinese wheel manufacturers getting cut-price aluminum from government-owned smelters is totally untrue, our state-owned enterprises are not a charity. After the reforms they are highly market oriented. They can’t afford to give extremely low prices to wheel manufactures."

Reporter: “There’s a lot of talk right now on the possible repercussions stemming from this latest anti-dumping duty from Australia. Even though exports to Australia only accounted for a very small portion of Chinese exports. What is clear though is that more than the actual challenges to this specific sector, this represents a risk most, if not all, Chinese exporters have to face.”

 

Editor:Zhang Rui |Source: CNTV.CN

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program