No dumping in China's steel exports: official
Updated: 2016-08-10 10:32
(Xinhua)
|
||||||||
BEIJING - China's steel firms have not been dumping in the global market, and other countries must not resort to trade protectionism as this will not help the contracting global steel industry, said a senior Chinese official Tuesday
China's steel makers are very competitive globally and this is due to the steel companies themselves, not government subsidies, said an official with the National Development and Reform Commission (NDRC).
China now uses the most efficient, low energy consuming, and highly sophisticated steel manufacturing equipment in the world, said the official in charge of the steel sector at the NDRC, China's top economic planner. This equipment helps cut production costs remarkably and boost firms' competitiveness, the official added.
From the perspective of China's national conditions, we do not encourage steel exports, and we have actually taken a series of measures to control the export of metal products, said the official.
To solve overcapacity in the steel industry, which is a global issue, China has taken strong and effective measures to cut excessive production and substantial effects are emerging, said the official.
The NDRC official urged other countries and regions to take similar measures to cut overcapacity, as well as making it clear that they should stop pointing fingers at China or resorting to protectionist trade measures.
Protectionism will not fundamentally help solve the problem in the global steel industry and would, on the contrary, deal a further blow to international trade order, the official said.
- Nepal's newly elected PM takes oath
- Texas gun law worries incoming students
- China vows to deepen economic, trade cooperation with ASEAN
- Fire guts Emirates jet after hard landing; 1 firefighter dies
- Egypt's Nobel-laureate scientist dies of illness in US
- THAAD muscle flexing unmasks anxiety over declining hegemony
- Breathtaking wedding ceremony in the air
- Beijing's museum brings spirit of craftsmen alive
- Phelps adds Olympic gold medal haul to historic 21
- Weightlifter Deng Wei breaks world records
- Top swimmer Sun Yang makes sweet revenge
- Lin Yue and Chen Aisen win Olympic gold medal
- Artist creates mini-mes for loving couples at Qixi festival
- Skyscraper demolished outside ancient city
Most Viewed
Editor's Picks
Anti-graft campaign targets poverty relief |
Cherry blossom signal arrival of spring |
In pictures: Destroying fake and shoddy products |
China's southernmost city to plant 500,000 trees |
Cavers make rare finds in Guangxi expedition |
Cutting hair for Longtaitou Festival |
Today's Top News
Phelps puts spotlight on cupping
US launches airstrikes against IS targets in Libya's Sirte
Ministry slams US-Korean THAAD deployment
Two police officers shot at protest in Dallas
Abe's blame game reveals his policies failing to get results
Ending wildlife trafficking must be policy priority in Asia
Effects of supply-side reform take time to be seen
Chinese State Councilor Yang Jiechi to meet Kerry
US Weekly
Geared to go |
The place to be |