China expresses "serious concern" over U.S. trade remedy proposals

China's Ministry of Commerce (MOC) Wednesday expressed "serious concern" about the United States' proposed strengthening of its trade remedy practices.

The MOC said the move will undermine order in international trade.

U.S. attempts to increase exports should rely on improvements in its industrial competitiveness and an open international trade environment, the ministry said in a statement on its website.

The U.S. should not limit imports with trade remedy measures, the statement added.

The U.S. Department of Commerce laid out 14 proposals last Thursday to tighten trade rules. One of the proposals concerns adjustment of the method for anti-dumping calculations.

The proposals would increase penalties or toughen requirements for foreign companies the U.S. deems selling products to the U.S. unfairly cheap.

The proposals would not lift U.S. industrial competitiveness but would spur retaliatory action from other nations and regions, the statement said.

China hopes the U.S. handles the relevant issues cautiously and abides by the anti-dumping and countervailing rules of the World Trade Organization, the statement said.

Source: Xinhua