China slaps anti-dumping duties on polyformaldehyde copolymer imports

INSUBCONTINENT EXCLUSIVE:
China will levy anti-dumping duties on imports of polyformaldehyde copolymer originating in the United States, the European Union, China's
Taiwan region and Japan from May 19 for a period of five years, the Ministry of Commerce said in a statement on Sunday.An investigation has
shown that imports of polyformaldehyde copolymer from the above regions have involved dumping, which caused substantial damage to the
polyformaldehyde copolymer industry in the Chinese mainland, according to the ministry.Anti-dumping duty rates will range from 3.8 percent
to 74.9 percent, it said.Polyformaldehyde copolymer is primarily used in sectors including auto parts, electronic appliances, industrial
machinery, sports equipment and medical equipment to partially replace copper, zinc, tin, lead and other metal materials.(Cover: The Chinese
Ministry of Commerce
/VCG)