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China opposes EU investigation
January 16, 2013, 10:04 am

A Steel Plant in China. [Getty Images]

A Steel Plant in China. [Getty Images]

China has raised objections after a European Commission concluded the country is “illegally” subsidising its steel manufacturers.

The European Commission’s probes into Chinese steel products are “unreasonable” and will harm Chinese companies’ legal rights, the Ministry of Commerce (MOC) said on Wednesday.

In documents published last month, the EU executive arm said high anti-dumping and countervailing duties should be imposed on Chinese producers of organic coated steel, MOC spokesman Shen Danyang said at a press conference.

Danyang told reporters the commission ignored facts and evidence in making the decision.

“Such a conclusion based on unreasonable investigations will seriously hurt Chinese companies’ legal rights and interests,” he said.

A final ruling is yet to be made by the commission.

China has demanded the commission to withdraw the decision and end the investigations, Danyang said.

The MOC will closely follow the development of the case and reserve the right to deal with the dispute within the legal framework of the World Trade Organization, he noted.

Source: Agencies