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June 3, 2016

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China opposes trade abuse

CHINA opposes abuse of trade remedy measures, Vice Finance Minister Zhu Guangyao said yesterday in response to the latest trade spat between the US and China on steel.

A week ago, US regulators launched an investigation into complaints by United States Steel Corp that alleged Chinese competitors had stolen its secrets and fixed prices, and the company sought to halt nearly all imports from China’s largest steel producers and trading houses.

Zhu stressed “the country opposes abuse of trade remedy measures.”




 

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