China's steel exports have increased this year as domestic demand weakens and China finds itself with a big production overhang. The investigation should be transparent, comply with World Trade Organization (WTO) procedures and protect Chinese companies' rights, China's Ministry of Commerce said on its website. China hopes Vietnam will exercise restraint and be prudent in its use of trade remedy measures, its commerce ministry said on Thursday in response to a Vietnamese announcement it will investigate safeguards against imported color-coated steel sheet. The ministry said on Wednesday the United States had deliberately misinterpreted WTO rules after the U.S. Commerce Department found in favor of subsidy rates for Chinese steel. China has found itself in an increasing number of disputes with trading partners that accuse it of dumping subsidized exports.

Source: Thanhnien News July 14, 2016 11:48 UTC