24 April 2013 | News | By BioSpectrum Bureau
Singapore: China's Ministry of Commerce (MOFCOM) has filed anti-dumping investigation case against Japanese and EU firms exporting hemodialysis equipment to China.
Names of the companies involved in dumping instances are not reported by the ministry.
The investigation, led by MOFCOM, was undertaken after a domestic company, Chongqing Shanwaishan Science & Technology, filed a written petition for instances of anti-dumping in the market.
Petitioner to MOFCOM has claimed that imports of hemodialysis equipment originated in Japan and the EU are exported to China at a price lower than the normal value.
"With the normal value determined based on the sales prices of the same products as those petitioned for investigations in the EU and Japanese markets, the export price subject to the customs statistics of the products petitioned for investigation to China and adjustment made to various comparable factors affecting the prices, it is claimed in the petition that the margin of the products involved in the petition is comparatively large. At the same time, it is claimed in the petition, that the absolute and relative number of products entered into Chinese market increase obviously, which will reduce and inhibit the price of the same products in the domestic industry, thus leading to the deterioration of production and operation indexes such as the domestic operating rates, sales, market share, sales revenue, income before tax, ROI, and net cash follows, etc," MOFCOM reports.
Ministry of Commerce is looking forward to adopt the methods of questionnaire, sampling, hearing, on-site verification or other methods to obtain and investigate information from interested parties.
The investigation, commenced on June 13, 2014, is expected to end before June 13, 2015, and may be extended to December 13, 2015 under special circumstances, the ministry clarified on its website.
Source: Ministry of Commerce Website