Chinese policymakers are wary of US President-elect Donald Trump's protectionist stance on global trade, as he has promised a hard line against China, threatening to raise tariffs on its exports to the United States once he takes office on January 20. Sun said that in 2016, 27 countries and regions took out 119 trade remedies against China, with the relevant cases totalling $14.34 billion, up 76 percent from the previous year.
Twenty-one countries and regions took 49 remedies against Chinese steel, costing $7.90 billion, up 63.1 percent from 2015. Trade remedies are trade policy tools that allow governments to take remedial action against imports which are hurting domestic industries. They include anti-dumping actions, countervailing duties and emergency measures to safeguard industries.
The world's second-largest economy is frequently blamed for dumping cheaper goods on world markets because of subsidies. China will increase its targets for capacity cuts in steel and coal in 2017, while extending its campaign against overcapacity in industries such as cement and glass, state media reported in December.
Copyright Reuters, 2017