The Chinese authorities questioned the motives of the European Commission

The Chinese Ministry of Trade called posterity an investigation into the European Commission regarding illegal subsidies allegedly received by Chinese metallurgists. This is stated in the message of the China Daily newspaper.

The Chinese authorities suspect that the “true goal of the statement of the European Union Commission is the pressure on Beijing created to solve a number of trading issues that arose between China and Europe,” the newspaper writes, “the Chinese government has already rejected all the accusations. The European Commission is not in a hurry to react. In addition, the European Union officials are preparing to make a final decision on the results of the investigation of subsidies for the Chinese Rolled steel coating. "

“Encharged by economic darkness and protracted troubles, Europe is trying to naturally use the World Trade Organization to protect its region’s companies. Chinese export of steel products at a relatively inexpensive price can serve as a source of friction between China and Europe,” said the FAN or, professor and researcher at the Chinese Institute of the WTO at the University of International Business and Economics.

"Earlier, the European Union conducted anti -dumping and antiprotectionist investigations regarding the metal distribution from China. But before it concerned low redistribution products. Now question was delivered by the supply of steel coating, which is used in household appliances. This will have a great influence on adjacent industries," reports Wei Zhengmin, industrial analyst with Mysteel consulting agency.

As you know, in the first 11 months of 2012, China exported more than 590 thousand tons of roll steel with polymer coating to the European Union market, which is more than 12% of the total volume of such products. In 2011, China managed to sell about 860 thousand tons to the European Union.