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China opens anti-subsidy probe on some U.S. glycol ethers imports

Published 09/13/2020, 11:20 PM
Updated 09/13/2020, 11:35 PM
© Reuters. FILE PHOTO: Chinese and U.S. flags flutter near The Bund in Shanghai

BEIJING (Reuters) - China's commerce ministry said on Monday it launched an anti-subsidy investigation on some glycol ethers imports from the United States starting from Sept. 14.

China had in late August launched an anti-dumping probe into the same product imports from the United States.

Both probes followed calls for investigations made by Jiangsu Yida Chemical Co (SZ:300721) and its two units on July 17 on behalf of the domestic glycol ethers industry, according to the Ministry of Commerce.

The chemical is widely used in areas including automobile brake fluid and de-icing products for aircraft fuel.

Latest comments

Every major company based in China is being subsized by the CCP. ***** major companies have their foreign competitors blocked out of the market by Winnie the Pooh.
Apple too right? and Intel? hmm how about Starbucks?.. and..
That is rich. The whole Chinese economy is subsidized. If not directly through lack of enforcement of labor and environmental regulations they agreed to when they joined the WTO.
Its mineral oil...
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