China faces WTO probe over exports

[Omaha Steve]

Source: TF.com

By Geoff Dyer in Beijing and Peter Smith in Sydney

The US, European Union and Mexico have asked for a World Trade Organisation dispute panel to investigate Chinese restrictions on exports of specialised raw materials used in industry.

The move is the latest indication that the global slowdown is leading to greater international action against China's trade policies.

The request to the WTO claims that China's restraints on exports of bauxite, magnesium and other raw materials, which are used to make steel, aluminium and some chemicals, are driving up the price of those end products.

Australia has also become entangled in a trade dispute with China, its biggest trading partner, after it imposed an interim dumping duty of 16 per cent on Chinese exports of aluminium extrusion products.


Read more: http://www.ft.com/cms/s/0/b68dcee6-ca74-11de-a3a3-00144feabdc0.html

[onehandle]

1. Good. nt

[Confusious]

2. exellent................eom

[tomm2thumbs]

3. damn, a few more bribes are going to really hurt prices

[FreakinDJ]

4. Chinese will use Bribes and Hookers - worked on Neil Bush

[Bitwit1234]

5. I don't blame companies

for adding more to products China send to their countries. They never buy products from other countries. I don't know why the US buys their junk.