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News from China
China's vice commerce minister to visit US on trade issues
16th August 2018

 A Chinese delegation led by Vice Minister of Commerce Wang Shouwen will, at the invitation of US side, visit the United States in late August to talk with the US counterpart on bilateral economic and trade issues of their own concern, the Ministry of Commerce said on Thursday.

 
Wang Shouwen is also the deputy China international trade representative. The US delegation will be led by David Malpass, Under Secretary for International Affairs at the US Department of the Treasury.
 
China has reaffirmed its stance of opposing unilateralism and trade protectionism, and not accepting any forms of unilateral restrictive trade measures, according to an MOC statement posted on its website.
 
China welcomes dialogue and communication on the basis of reciprocity, equality and integrity, according to the statement.
Source: Shanghai Daily, August 16, 2018
China seeks WTO dispute settlement over US safeguard measures, subsidies
15th August 2018

 China on Tuesday launched the World Trade Organization dispute settlement procedure over US safeguard measures on imported photovoltaic products and subsidies for its renewable energy products, the Ministry of Commerce said.

 
"As the US measures severely damaged Chinese trade interests, China's choice to resort to the WTO dispute settlement mechanism is a necessary move to safeguard its legitimate rights and interests and multilateral trade rules," a spokesperson with the ministry said.
 
Previously, the United States took safeguard measures on imports of some photovoltaic products with additional tariffs of up to 30 percent.
 
The US measures are suspected of violating WTO Agreement on Safeguards. "This kind of abuse of safeguard measures not only hurts the legitimate rights and interests of China, but also affects the seriousness and authority of WTO rules," the spokesperson said.
 
"Besides the safeguard measures, the United States granted additional subsidies to domestic renewable energy products, including photovoltaic products, which are suspected of being import substitution subsidies and violating its national treatment obligations.
 
"The US subsidies provided its domestic renewable energy industry with an unfair competitive advantage, and damaged the rights and interests of Chinese renewable energy companies.
 
"The above-mentioned US wrongful measures seriously distorted the international market for photovoltaic and other products and severely damaged China's trade interests. We urge the US side to take practical action, respect WTO rules and abandon its wrong practices, to bring the trade of related products back to normal."
Source: Shanghai Daily, August 15, 2018
China's retail sales up 8.8% in July
14th August 2018

 China's retail sales of consumer goods grew 8.8 percent year on year in July, official data showed on Tuesday.

 
The growth slightly narrowed from the 9-percent rise seen in June, according to the National Bureau of Statistics.
 
In the first seven months of this year, retail sales expanded 9.3 percent year on year to reach 21 trillion yuan (US$3 trillion), compared with 9.4-percent growth in the first half.
 
Retail sales in rural areas increased 10.4 percent year on year in the first seven months, continuing to outpace growth in urban regions, where sales rose 9.1 percent, according to the NBS.
 
In breakdown, the catering sector reported a 9.8-percent year-on-year rise in revenue, while sales of other consumer products increased by 9.2 percent.
 
Online spending remained robust, with sales surging 29.3 percent to reach 4.8 trillion yuan in the first seven months.
 
Source: Shanghai Daily, August 14, 2018
Heavy casualties as fire engulfs Taiwan hospital
13th August 2018

 A fire in a hospital in Taiwan's New Taipei City has caused heavy casualties, authorities said Monday.

 
According to local fire authorities, 16 people were found with no signs of life when they were rushed to hospital for treatment. So far, three of them have recovered signs of life after medical efforts. The rest remain under intensive care.
 
The fire in Taipei Hospital also left three people in a coma and another nine people injured as of 8am, according to the local fire department, which received a fire alarm at 4:36am Monday.
 
According to the department, the fire started in a patient ward on the seventh floor. There were 32 patients on the floor at the time. Local residents reportedly heard loud bangs.
 
The fire was extinguished at 5:27am, after 76 vehicles and 208 firemen were sent to the rescue.
 
The cause of the fire remains under investigation.
Source: Shanghai Daily, August 13, 2018

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