China launches anti-dumping investigation into Canadian pea starch imports
The probe was initiated at the request of domestic industry insiders, with preliminary evidence showing a significant increase in dumped Canadian pea starch in recent years, according to the Ministry of Commerce.
'With import prices below domestic products, it has been causing losses and difficulties for China's industry,' the ministry said on its website on Tuesday. 'The anti-dumping probe complies with WTO rules to protect domestic industries and differs fundamentally from Canada's recent WTO-violating discriminatory actions against China.'
In the 2023-24 agricultural season, Canada was China's second-largest pea exporter, accounting for 44.6 per cent of China's total pea imports, following Russia's 49.1 per cent, the Russian Union of Grain Exporters and Producers said last month.
Pea starch is mainly used in the food industry as a stabiliser that adds consistency and improves mouthfeel.
Also on Tuesday, China's commerce authorities said the ministry would begin collecting 'deposits' from companies importing Canadian canola oil and halogenated butyl rubber - the latter mainly used for pharmaceutical stoppers and the inner lining of tyres - after anti-dumping investigations into the products were launched in September.
Both measures are set to take effect on Thursday.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
South China Morning Post
23 minutes ago
- South China Morning Post
‘We're blowing everyone away': Trump shrugs off Latin American nations looking to China
US President Donald Trump on Thursday said he was not worried about Brazil Mexico and other Latin American nations moving closer to China, telling reporters in the Oval Office, 'They can do whatever they want.' Advertisement The remarks came during a brief exchange at the White House. Trump added: 'You know, none of them are doing very well, and what we're doing in terms of economics, we're blowing everyone away, including China. We're doing better than any other country in the world right now.' Trump's comments came as Brazil steps up coordination with Beijing to mount a multilateral response to the tariffs he imposed last month. On Tuesday, Brazilian President Luiz Inácio Lula da Silva spoke for about an hour by phone with Chinese leader Xi Jinping to discuss the 'Brics bloc's role in countering unilateral trade measures'. The call was arranged after Washington announced a 50 per cent tariff on a wide range of Brazilian exports in late July, threatening billions of dollars in trade. Chinese President Xi Jinping and his Brazilian counterpart Luiz Inácio Lula da Silva spoke by phone this week as the two nations step up coordination. Photo: AFP Trump has linked the tariffs to Brazil's political crisis, citing the criminal prosecution of former president Jair Bolsonaro on charges of plotting to overturn the 2022 election
South China Morning Post
2 hours ago
- South China Morning Post
Geopolitical risks reshape business strategies as global tensions rise, Lazard says
Discussions on geopolitical risks have become an increasingly central part of business and investment decision-making, according to Lazard. Five or 10 years ago, people would be talking about geopolitics casually, according to Ronald Temple, chief market strategist at the US financial advisory and asset management firm. 'But now geopolitics are part of board meetings,' he said. Temple said that geopolitical risks – from the Trump administration's policy shifts to US-China regulatory hurdles and Taiwan-related contingency planning for semiconductor firms – now extend beyond cross-border issues to include domestic policies' global repercussions. 'For example, provisions that were recently included in, and then subsequently removed from, the One Big Beautiful Bill Act in the US could have had meaningful consequences on non-US investors,' he said, referring to Section 899, which proposed increasing income and withholding tax rates on certain individuals and entities from countries that imposed taxes considered discriminatory against US persons. 03:02 US House passes Trump's bill, sending it to White House for president to sign US House passes Trump's bill, sending it to White House for president to sign 'Many companies have historically thought of geopolitics as an abstract, intellectually interesting topic, but increasingly they are realising that geopolitical risks are part of their day-to-day strategic decision-making.' Lazard set up a geopolitical risk advisory unit in 2022, six months after Russia invaded Ukraine in late February that year. 'One of my key roles is to work closely with the geopolitical team to try to kind of connect the dots between geopolitics and markets and the economy and companies,' said Temple.
South China Morning Post
3 hours ago
- South China Morning Post
Amid big-city gloom, can China's far-flung counties become a key driver of consumption?
As widespread economic gloom in China's megacities sees high-end restaurants close their doors one after another, Starbucks is accelerating its expansion into the country's far-flung counties, where a growing number of residents are embracing a petit-bourgeois lifestyle. While county shopping centres might not stock Dyson vacuum cleaners and hairdryers, they have already become part of daily life in households in urban counties thanks to China's ubiquitous e-commerce networks. Driving Teslas and eating expensive cherries imported from South America, the expanding middle class in smaller cities and towns is fuelling China's next wave of consumption. As the world's second-largest economy grows more slowly, residents of major cities have reined in their spending. But the consumption upgrade in China's more numerous lower-tier markets is far from complete, experts said. With lighter economic burdens, faster income growth and greater confidence in the future, consumers in such areas have stronger purchasing power and a greater willingness to spend, becoming a new engine for consumption growth as China seeks to shift its economy towards a consumption-driven model and away from one relying on exports and investment. 'Lower-tier cities have been overlooked in the past, with their consumption potential untapped, while the disposable consumption capacity of first-tier city residents is more affected by the slowing economy,' said Professor Liu Xuexin, who heads a consumer data research institute at Capital University of Economics and Business in Beijing. In China's governance hierarchy, county-level cities sit below prefecture-level ones, covering smaller urban and rural areas, including townships and villages, and serving as regional hubs for commerce, education, healthcare and local government.
