China and US set to squabble in auto parts
By Jin Jing |
February 3, 2012, Friday
|
Print Edition
Print Edition
CHINA and the United States look set to engage in another trade friction, this time in the auto parts industry, as China's Ministry of Commerce yesterday warned more anti-dumping investigations may be initiated by the US.
The ministry has asked the domestic industry association and related companies to monitor closely the issue and to be prepared, it said in a statement.
On Tuesday, the Alliance for American Manufacturing claimed that China's subsidy has damaged the auto parts industry in the US and caused job losses. It called on the US to halt the imports of Chinese auto parts and launch anti-dumping and anti-tariff probes on car components, including engine, electronic devices and tires.
The anti-dumping probes may lead to the US complaining to the World Trade Organization.
John Zeng, an analyst at industrial researcher LMC Automotive, said: "Most Chinese auto parts exported to the US market target the low-to-middle class segment and were no longer manufactured by US companies."
He added that if the US companies didn't import labor-intensive products from China, "they would still source from other markets like India instead of producing domestically."
The ministry has asked the domestic industry association and related companies to monitor closely the issue and to be prepared, it said in a statement.
On Tuesday, the Alliance for American Manufacturing claimed that China's subsidy has damaged the auto parts industry in the US and caused job losses. It called on the US to halt the imports of Chinese auto parts and launch anti-dumping and anti-tariff probes on car components, including engine, electronic devices and tires.
The anti-dumping probes may lead to the US complaining to the World Trade Organization.
John Zeng, an analyst at industrial researcher LMC Automotive, said: "Most Chinese auto parts exported to the US market target the low-to-middle class segment and were no longer manufactured by US companies."
He added that if the US companies didn't import labor-intensive products from China, "they would still source from other markets like India instead of producing domestically."
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
