US to slap duties on Chinese coated paper

By Yuan Fang
0 CommentsPrint E-mail China.org.cn, November 9, 2009
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China's business press carried the following stories on Monday. China.org.cn has not checked the stories and does not vouch for their accuracy.

US to slap duties on Chinese coated paper — Shanghai Securities News

The US International Trade Commission announced last Friday that it will impose preliminary anti-dumping and anti-subsidy tariffs on imports of coated paper, potassium pyrophosphate, monopotassium phosphate and dipotassium hydrogen phosphate from China.

The preliminary ruling is within expectation, said Zhao Wei, secretary of the China Paper Association. "Our association will work closely with involved Chinese companies and the commerce ministry to actively respond to the charges," he said.

IMF in talks to include Chinese in its top management — China Business News

"The International Monetary Fund is in talks with China about appointing Chinese officials in the global body," said IMF Chairman Dominique Strauss-Kahn, on the sidelines of the two-day G20 finance ministers and central bank governors meeting that ended Saturday.

Strauss-Kahn made the remarks in response to recent rumors that Zhu Min, the recently-appointed deputy governor of China's central bank, is going to join IMF as vice chairman.

China becomes the world's largest IPO market — China Securities Journal

China has become the largest IPO market in the world, according to Qi Bin, director of the research center with the China Securities Regulatory Commission.

Chinese IPOs have raised 90 billion yuan so far this year, far ahead of other markets, said Qi, who also pointed out that China's capital market still faces structural, mechanical and cultural problems.

"We expect China to become a first-class capital market, a globalized one based on the market and laws, by 2020," he said.

Experts expect interest rates to rise next year — China Securities Journal

Fifty-three percent of the 79 experts surveyed by the National Association of Financial Market Institutional Investors expected a hike in interest rate next year, while 38.7 percent see no action from the central bank in the short term. Only 6.5 percent say a rise is likely this year.

Seventy-nine percent of them suggest a slight change in the monetary policy in line with the economy, 11.3 percent said the current monetary policy should stay and 8.1 percent urge big changes to avoid huge pressures on the macro-economy.

Fifty percent of the participants believe China's economic stimulus package has already yielded good results and needs to exit steadily, 41.9 percent suggest a structural adjustment in the current stimulus package and 1.6 percent think further stimulus packages are needed.

75% of Zhejiang business feel economic recovery — ZHESHANG

Seventy-five percent of enterprises in Zhejiang, one of China's export hubs and home to many private businesses, have clearly felt an economic recovery, according to a recent survey by local magazine ZHESHANG.

As the economy improves, half of the businesses will step up to increase market shares and 40 percent of them will invest to expand output in preparation for a full economic recovery.

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