Results 1 to 1 of 1
Thread Information
Users Browsing this Thread
There are currently 1 users browsing this thread. (0 members and 1 guests)
Hybrid View
-
08-24-2007, 01:23 PM #1
China warns US against anti-dumping duties
China warns US against anti-dumping duties
Press Trust of India / Beijing August 24, 2007
China has warned the United States against slapping anti-dumping duties on its products as it could hurt American interests.
Consumers in US have benefited from the Sino-US trade as they have saved more than $600 billion by buying Made in China products in the last decade, Chinese Vice Commerce Minister Gao Hucheng said.
Research by the US-China Business Council shows that the bilateral trade co-operation is expected to add $1,000 to the disposable income of each US family by 2010.
Gao's comments came as the US has launched a number of anti-dumping investigations against Chinese products and banned other items citing health hazards affecting Chinese exporters.
Gao also pointed out that American companies in China earned about $80 billion in sales from the domestic market last year with combined profit climbing to $10 billion.
By the end of 2006, the US corporate sector has built 50,000 firms on the Chinese mainland with actual investment exceeding $54 billion.
Development of the Sino-US trade is beneficial to both sides, and American companies have earned a fair return from investment in China, Gao said.
According to a survey by the American Chamber of Commerce in China (AmCham-China), 73% of US-funded companies believe they earn profits, 60% of them saw profits increasing, and 37% say the profits in China are higher than their average global profits.
http://www.business-standard.com/common ... tono=26872I stay current on Americans for Legal Immigration PAC's fight to Secure Our Border and Send Illegals Home via E-mail Alerts (CLICK HERE TO SIGN UP)
BEN BERGQUAM - THE BORDER IS WORSE THAN WE THOUGHT, BUT TRUMP...
05-18-2024, 02:46 AM in Videos about Illegal Immigration, refugee programs, globalism, & socialism