Thermoplastics coming from the US, the EU, Taiwan and Japan are sold at prices below fair market value, says Beijing.
China has launched an “anti-dumping” investigation into chemical imports, in what appears to be a response to trade barriers introduced by the EU, the US and other countries.
Polyoxymethylene copolymer, a plastic widely used in electronics and cars, is being sold at an unfairly low cost in China, therefore causing damage to domestic companies, said China’s Ministry of Commerce.
The investigation will focus on imports from the US, the EU, Taiwan and Japan, and could take up to 18 months to complete.
Free market economy is inherently imperfect, and needs to be both regulated and adjusted by government.
Then stop complaining about subsidies designed to protect domestic industries 🤷