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Paper companies wait for another ruling

the first case of domestic anti-dumping investigation expires. Paper companies wait for another ruling

in 2002, the domestic paper output reached more than 2.3 million tons, an increase of 1 times, of which high-end products accounted for half of the output. However, in recent years, the new production capacity basically depends on imported pulp board, which has become a "natural defect" of domestic paper enterprises

on July 2, Xinqi adjusted the experimental space according to the samples or components at the same time. A news from the China News Agency caused a shock in the paper industry. According to the source, the Ministry of Commerce of China announced that it would conduct a final review of the anti-dumping measures applicable to imported paper originating in Canada, South Korea and the United States from July 1, 2003. This means that the five-year anti-dumping of paper in such regions is about to expire

Li Guangming, Secretary of the board of directors of Fujian Nanzhi paper, is on a business trip. "We all know that the anti-dumping will expire in July this year, which will definitely have an impact on the company's operation."

according to the analysis of Wang Feng, a researcher from Guotai Junan, the paper industry accounts for a large proportion in the paper industry. Among the 20 listed companies in the domestic paper industry, 6 are professional paper companies, and many are comprehensive paper companies. "The expiration of this anti-dumping means the expiration of the protection of the domestic paper industry." Wang Feng said that it is still uncertain whether the anti-dumping measures will continue

Han Weigang, a lawyer from Beijing Huanzhong law firm, is optimistic: "although the anti-dumping investigation of paper is the first anti-dumping case in China, and other cases have not expired, it is uncertain whether the anti-dumping can continue. However, from the perspective of international implementation, there are more cases that continue to maintain the anti-dumping after the expiration of the anti-dumping period, that is, it is likely that the anti-dumping of imported paper will continue for five years after the review." The law firm once filed an anti-dumping application on behalf of domestic paper enterprises five years ago. This time, it continues to provide evidence for review

The paper anti-dumping investigation case is considered to be the first case in which domestic enterprises successfully use legal weapons to protect their own rights and interests

in October 1997, after the promulgation of China's "anti dumping and countervailing regulations", nine domestic paper mills, including Jilin paper (Group) Co., Ltd., Yibin Paper Co., Ltd. and Jiangxi Paper Co., Ltd., applied to the relevant national departments for anti-dumping investigations on paper from the United States, Canada and South Korea, thus launching the first anti-dumping investigation on foreign products. The output of these nine enterprises accounts for 85% of the total domestic paper output

in fact, in previous years, the damage of imported paper to the domestic paper industry has been formed, but domestic enterprises suffer from being unable to rely on, and there is no way to complain. In 1996 alone, the total amount of imported paper reached 40% of the total domestic demand. "Generally speaking, if the number of imported similar products accounts for 10% of domestic demand, it is the critical point. If it accounts for 15%, it is also the threat point. At that time, the import volume reached 40%, which makes the domestic paper industry face a complete collapse." A person from a listed company who participated in the anti-dumping in that year said

on December 10, 1997, the Ministry of foreign trade and economic cooperation officially filed a case for investigation

On July 9, 1998, the Ministry of foreign trade and Economic Cooperation issued a preliminary determination announcement, arguing that the United States, Canada and South Korea had dumped on China and caused damage to relevant domestic industries. The Ministry of foreign trade and economic cooperation decided to implement anti-dumping measures against paper originating in the above three countries from July 10, 1998. After that, the final determination announcement was issued, imposing anti-dumping tariffs ranging from 9% to 78% on the paper of the three countries. The protection period was determined to be five years from July 10, 1998

However, experts believe that looking back on the five-year protection period, it has won valuable time for domestic paper enterprises to adjust structure, expand scale and improve competitiveness, and China's paper industry has made great progress. By 2002, the domestic paper output had reached more than 2.3 million tons, a double increase, with high-end products accounting for half of the output

however, it is noteworthy that a few enterprises did seize the opportunity, while most old enterprises missed the opportunity

"most large domestic paper enterprises are still standing still." Wang Feng said that one of the "nine largest" domestic paper enterprises listed in 1997 has not had a new production line since its listing. "Due to the stagnation, the past large-scale enterprises have become medium-sized enterprises. If this continues, they will become small enterprises and completely lose their competitive advantage." At present, two paper enterprises listed in the Shenzhen and Shanghai markets, known as the "nine largest" in China, have taken the st hat

at the same time, a group of township enterprises, including listed companies such as Chenming Paper and Huatai Co., Ltd., which could not compete with the "nine major" in the early 1990s, developed rapidly

in 1997, Chenming paper used B-share listing to raise funds to build a new 150000 ton cultural paper production line, and in 2000, it built a new 150000 ton copper plate paper production line with the funds raised through the issuance of additional A-shares. The overall strength of Chenming paper has been greatly improved by raising funds twice. Then, the company carried out a series of acquisitions, mergers and joint ventures, constantly adjusting and enriching the product structure and extending the industrial chain. With the continuous development, today's Chenming paper industry has greatly exceeded the "Ninth National Congress" in terms of scale and comprehensive strength

the gap is obvious. A 100000 ton paper production line of a st enterprise has 3000 employees, while the 160000 ton paper production line just put into operation by Huatai Co., Ltd. requires only 400 workers. This does not include other costs and paper differences

internal and external attack

although the domestic paper industry has developed greatly in recent years, the "natural defects" of domestic paper enterprises still exist, which has become a weakness in competition with imported products. Therefore, insiders believe that whether the anti-dumping can be extended directly relates to the fate of domestic paper enterprises

China is seriously short of wood fiber pulp, resulting in the fact that the new production capacity in recent years basically depends on imported pulp board. "Foreign large-scale paper-making enterprises generally have their own pulp in the first transmission mode. The pulp is directly used in paper-making, and there is an additional process in China - first import the pulp board from abroad, and then restore the pulp board to the state of pulp before use." Wang Feng said, "don't underestimate this process. A ton of paper will increase the cost by 200 to 300 yuan."

to make matters worse, the competition has not only come from abroad. At present, the domestic paper industry has to pay attention to the close competition of multinational enterprises

"it is said that multinational companies have a large investment in the domestic automotive industry. In fact, their investment in papermaking is no inferior to it." Wang Feng said that since the paper industry is currently one of the few industries in short supply in China, foreign enterprises have also taken a fancy to the huge domestic market and began to invest heavily in China. For example, a Singapore company in Jiangmen, American International Group in Dongguan, a Japanese funded enterprise in Nantong, each new project is more than 1million tons. According to the general investment of 100million yuan per 10000 tons, these investments exceed 10billion yuan. Although these are not paper projects, they will definitely have an impact on the domestic paper industry because the current domestic advantageous enterprises are developing into multi category comprehensive enterprises

pending the ruling

Han Weigang disclosed that the Institute had acted as an agent for domestic enterprises in the paper anti-dumping review procedure. At present, 12 enterprises have put forward evidence against imported paper from the United States, Canada and South Korea, including Fujian Nanping Paper, Jilin paper, Wuhan Chenming, etc. the output of these enterprises accounts for a large share of domestic paper, which can represent the whole industry. Therefore, other enterprises only need to register for review

it is reported that the content of the review investigation is whether the termination of the original anti-dumping measures may lead to the continuation and recurrence of dumping and injury, so as to decide whether to cancel the original anti-dumping measures. The investigation period is one year, that is, it will end on June 30 next year

there is no domestic precedent for whether anti-dumping will continue, but Han believes that the application of the 12 enterprises represented by the Institute is no problem, and the evidentiary results show that anti-dumping should continue

will anti-dumping duties be levied on imported paper during the one-year investigation period? Han Weigang said, "the official expiration date of anti-dumping is July 10 this year, and there are still a few days left. According to the relevant rules of the WTO, the anti-dumping tax rate will continue. We are waiting for the announcement of the Chinese customs."

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