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China no more a pushover in international trade disputes
Chinese companies encountered 37 trade remedy cases between January and June, down 30 percent on a year-on-year bases. The value involved in the cases amounted to 3.5 billion US dollars, according to China's Ministry of Commerce.
Chinese companies have been the targets of global anti-dumping probes since its accession to the WTO, and 97 trade remedy cases were filed against the companies in 2014. The cases decreased significantly this year mostly because Chinese companies are more likely to win the cases as they now know international trade rules better, said Bai Ming, a researcher with the Ministry of Commerce.
India and the Eurasian Economic Community focused on investigating cases initiated last yearand the number of probes decreased in the first half, said Shen Danyang, spokesman for the ministry.
He also said China has been putting more resources and manpower into enhancing its negotiating abilities in trade dispute negotiations after several such cases occurred in recent years.
With undergoing an industrial upgrading, the country is capable of exporting more high-tech or high value-added products to the global markets. "We noticed that China's high-end products such as photovoltaic products, tires, and smartphones had faced more trade probes over the past three years," Shen said.
There is no reason for China to underestimate the pressure from international trade disputes. An anti-dumping suit was recently filed against a Chinese company.Bai also pointed that Europe and America used to abuse disputes to protect their trade, but it doesn't work as China applies to international trade rules more sophisticatedly. It's important for a Chinese company to stick to independent research and development, strengthen our IPR protection, which gives China more say in international trade negotiation.