China's commerce ministry on Sunday said it had launched an anti-dumping investigation into imports of an important engineering chemical from the European Union, the United States, Taiwan and Japan. Beijing said it would probe imports of polyoxymethylene copolymer, a thermoplastic used in everything from phones, car parts, and medical equipment. The investigation will take a year but could be extended by six months, the commerce ministry said. The probe follows a number of similar investigations by the EU into China's subsidies for its industry. Last month, the bloc launched a probe into China's medical devices market over alleged unfair procurement practices.

Source: The Standard May 19, 2024 10:17 UTC