2016年CRI Chinese steel firms never dump their products: official

 

Xia Nong, deputy director-general of the National Development and Reform Commission's department of industrial policies, says China's steel products are highly competitive globally, and have gained a good reputation in international trade.

This is due, he says, to the efforts of the steel companies rather than government's subsidies¹.

China now uses the most efficient, low energy consuming and highly sophisticated steel manufacturing equipment in the world, which has helped cut production costs significantly and boost firms' competitiveness.

Xia's remarks come after several countries, including the United States, have conducted anti-dumping investigations³ and adopted measures against Chinese steel exports.

The official said protectionism will not fundamentally help solve the problem in the global steel industry, and will instead deal a further blow to international trade order.

"The steel trade mainly depends on the needs of the supply and the demand sides, which results in a market behavior. So I think prudent⁴, restrained and standardized⁵ attitudes should be adopted in solving the current friction⁶ and disputes facing the steel trade."

Xia added that the average export price for China's steel sheets last year was 3670 yuan, or over 550 U.S. dollars per ton, while domestic steel sheets were priced at 3600 yuan per ton at most.

As such, there is no question of Chinese companies dumping steel products.

The official also criticized the U.S. for hampering⁷ world steel trade by launching a Section 337 investigation² - which looks into allegations of unfair practices in import trade - on China's steel products.

"The U.S. has launched Section 337 investigations while the anti-dumping and anti-subsidy measures are still effective. We believe this is tantamount to duplicating trade remedy or abuse of trade protection measures. We are strongly opposed to it."

Xia also noted⁸ that China has discouraged massive steel exports as a response to the country's current national conditions.

Instead, it has taken a series of measures in cutting export tax rebates⁹ and levy¹⁰ higher tariffs¹¹ to control exports and solve overcapacity.

He said the tax refund¹² rate for steel exports is lower than the value-added tax rate of 17 percent, which is in line with WTO rules.

For CRI, I'm Xie Cheng.

1 subsidies   

n.补贴，津贴，补助金( subsidy的名词复数 )

参考例句：

• European agriculture ministers failed to break the deadlock over farm subsidies. 欧洲各国农业部长在农业补贴问题上未能打破僵局。
• Agricultural subsidies absorb about half the EU's income. 农业补贴占去了欧盟收入的大约一半。 来自《简明英汉词典》

2 investigation   

n.调查，调查研究

参考例句：

• In an investigation,a new fact became known, which told against him.在调查中新发现了一件对他不利的事实。
• He drew the conclusion by building on his own investigation.他根据自己的调查研究作出结论。

3 investigations   

（正式的）调查( investigation的名词复数 )； 侦查； 科学研究； 学术研究

参考例句：

• His investigations were intensive and thorough but revealed nothing. 他进行了深入彻底的调查，但没有发现什么。
• He often sent them out to make investigations. 他常常派他们出去作调查。

4 prudent   

adj.谨慎的，有远见的，精打细算的

参考例句：

• A prudent traveller never disparages his own country.聪明的旅行者从不贬低自己的国家。
• You must school yourself to be modest and prudent.你要学会谦虚谨慎。

5 standardized   

adj.标准化的

参考例句：

• We use standardized tests to measure scholastic achievement. 我们用标准化考试来衡量学生的学业成绩。
• The parts of an automobile are standardized. 汽车零件是标准化了的。

6 friction   

n.摩擦，摩擦力

参考例句：

• When Joan returned to work,the friction between them increased.琼回来工作后，他们之间的摩擦加剧了。
• Friction acts on moving bodies and brings them to a stop.摩擦力作用于运动着的物体，并使其停止。

7 hampering   

妨碍，束缚，限制( hamper的现在分词 )

参考例句：

• So fraud on cows and development aid is seriously hampering growth. 因此在牛问题上和发展补助上的诈骗严重阻碍了发展。
• Short-termism, carbon-trading, disputing the science-are hampering the implementation of direct economically-led objectives. 短效主义，出售二氧化碳，进行科学辩论，这些都不利于实现以经济为主导的直接目标。

8 noted   

adj.著名的，知名的

参考例句：

• The local hotel is noted for its good table.当地的那家酒店以餐食精美而著称。
• Jim is noted for arriving late for work.吉姆上班迟到出了名。

9 rebates   

n.退还款( rebate的名词复数 )；回扣；返还（退还的部份货价）；折扣

参考例句：

• The VAT system offers advantages, such as rebates on exports. 增值税有其优点，如对出口商品实行回扣。 来自辞典例句
• In more recent years rate rebates have been introduced for households. 近年地方税的减免已适用于家庭。 来自辞典例句

10 levy   

n.征收税或其他款项，征收额

参考例句：

• They levy a tax on him.他们向他征税。
• A direct food levy was imposed by the local government.地方政府征收了食品税。

11 tariffs   

关税制度； 关税( tariff的名词复数 )； 关税表； （旅馆或饭店等的）收费表； 量刑标准

参考例句：

• British industry was sheltered from foreign competition by protective tariffs. 保护性关税使英国工业免受国际竞争影响。
• The new tariffs have put a stranglehold on trade. 新的关税制对开展贸易极为不利。

12 refund   

v.退还，偿还；n.归还，偿还额，退款

参考例句：

• They demand a refund on unsatisfactory goods.他们对不满意的货品要求退款。
• We'll refund your money if you aren't satisfied.你若不满意，我们愿意退款给你。