Chinese imports from these areas were being dumped at below-normal prices, causing material harm to China's domestic industry, according to the findings of a thorough investigation based on a Ministry of Commerce statement. As a result, depending on the origin and supplier, the ministry levied duty rates ranging from 3.8 per cent to 74.9 per cent.
One of the most essential engineering plastics, polyformaldehyde copolymer, is utilised extensively in the automotive, electronics, machinery, sporting goods, and medical industries. It is frequently chosen owing to its strength and durability, which allow it to take the place of traditional metals like copper, tin, zinc, and lead.
In furtherance of giving local manufacturers a level playing field, this trade action is likely to serve as a warning to China to protect its strategic industries from unfair competition in the international market.
Fibre2Fashion News Desk (VK)