Anti-sub­sidy du­ties on feed in­gre­di­ent

China Daily (Canada) - - BUSINESS -

China will im­pose anti-sub­sidy du­ties of between 10 per­cent and 10.7 per­cent on im­ports of a US an­i­mal feed in­gre­di­ent known as dis­tillers’ dried grains, the Com­merce Min­istry said in a pre­lim­i­nary rul­ing on Wed­nes­day. The move was widely ex­pected af­ter the govern­ment an­nounced a sim­i­lar move on anti-dump­ing du­ties last week. As with last week’s rul­ing, the de­ci­sion af­fects some of the big­gest play­ers in the US ethanol in­dus­try, in­clud­ing global traders Archer Daniels Mid­land Co and Louis Drey­fus, along with ethanol pro­ducer Poet LLC, oil re­finer Valero En­ergy Corp and grains group An­der­sons Inc. of China’s mar­itime in­dus­try grew by seven per­cent last year, a govern­ment re­port said on Tues­day. The mar­itime econ­omy gen­er­ated 6.47 tril­lion yuan ($970 bil­lion) in 2015, ac­count­ing for 9.4 per­cent of China’s to­tal GDP last year, ac­cord­ing to a re­port is­sued by the Na­tional De­vel­op­ment and Re­form Com­mis­sion and the State Oceanic Ad­min­is­tra­tion. Its growth has, again, out­paced that of the coun­try’s GDP, the re­port noted.

Newspapers in English

Newspapers from China

© PressReader. All rights reserved.