China slaps anti-dumping duties on plastics from US, EU, Japan, Taiwan
BEIJING (Reuters) -- China on Sunday announced anti-dumping duties as high as 74.9% on imports of POM copolymers, a type of engineering plastic, from the United States, the European Union, Japan and Taiwan.
The commerce ministry's findings conclude a probe launched in May 2024, shortly after the U.S. sharply increased tariffs on Chinese electric vehicles, computer chips and other imports.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Yomiuri Shimbun
36 minutes ago
- Yomiuri Shimbun
Japan's Nikkei Stock Average Drops on Iran Risks but Weaker Yen Limits Losses
TOKYO, June 23 (Reuters) – Japan's Nikkei share average fell on Monday as U.S. attacks on Iranian nuclear sites fueled risk aversion, while the accompanying jump in oil prices weighed on the outlook for Japan's economy and corporate earnings. The Nikkei .N225 sank 0.55% to 38,191.87 as of the midday recess, with 161 of its components declining, versus 60 that rose and four that traded flat. The broader Topix .TOPX slumped 0.62%. Japan imports almost all of its oil, making the economy highly sensitive to crude prices, which surged to six-month peaks on Monday as traders waited nervously to see Iran's response to the U.S.'s entry into the conflict. Japanese manufacturers are also vulnerable to energy price spikes. At the same time, analysts pointed to the yen's decline to a nearly six-week low versus a broadly stronger U.S. dollar as providing some support to shares in Japan's heavyweight exporters, whose overseas revenues gain in value when the yen weakens. 'The rise in the dollar-yen interest rate has been very clearly helpful for the Nikkei's performance,' said Yunosuke Ikeda, chief macro strategist at Nomura Securities. The safe-haven yen is weakening because 'investors seem more focused this time on the impact of higher oil prices on Japan's trade balance,' Ikeda said. Chip-sector stocks underperformed, with Screen Holdings 7735.T falling 3.76% to be the Nikkei's biggest decliner in percentage terms, while Tokyo Electron 8035.T and Advantest 6857.T were the biggest drags in index-point terms with respective declines of 2.42% and 1.69%. The best performing stocks were oil explorers and refiners, with the Topix mining sub-index .IMING.T climbing 1.49% and the oil and coal sub-index .IPETE.T adding 0.51%.

Nikkei Asia
2 hours ago
- Nikkei Asia
Why Asia stands to lose if Iran chokes off Strait of Hormuz
Whether Iran could close off the chokepoint as a reaction to conflicts has been a decades old question in commodities trading circles. © Reuters SHOTARO TANI TOKYO -- Asia's dependence on oil and gas from the Middle East makes it highly vulnerable to any closure of the Strait of Hormuz, a vital waterway for oil and gas shipments that is now in Iran's crosshairs. Whether Iran could close off the chokepoint, through which around 20% of the world's oil and gas passes, in a conflict has been debated for decades. Now, commodities traders and others are having to ask the question again, after the Iranian parliament approved choking off the strait following U.S. strikes on its nuclear facilities.


Kyodo News
4 hours ago
- Kyodo News
FOCUS: China's "panda diplomacy" in focus as zero moment may come in Japan
By Keita Nakamura, KYODO NEWS - 6 minutes ago - 09:38 | World, All, Japan China's "panda diplomacy" is drawing renewed attention with Japan's first zero giant panda moment in over half a century approaching, amid an intensifying Sino-U.S. rivalry that could provide an incentive for Beijing to stabilize its oft-strained ties with Tokyo. China's decisions on leasing the bear species abroad are usually revealed in high-level bilateral talks. Foreign affairs experts say a new loan may be announced late fall this year during a possible visit by a Chinese political leader to Japan, though they doubt the gesture will carry the same diplomatic weight as it once did. Since the first black-and-white animal arrived in Japan in 1972 to commemorate the normalization of diplomatic ties, Chinese pandas have become beloved by the Japanese public, bringing major economic benefits as tourist attractions. The two governments have embraced the bamboo-munching iconic animal's role as a symbol of friendship. China last sent pandas to Japan in February 2011, based on a deal struck at a meeting between then Prime Minister Yasuo Fukuda and Chinese President Hu Jintao in Tokyo in May 2008. Currently, Japan is home to six pandas, all of which were born domestically but owned by China. Four at the Adventure World leisure complex in the western Japanese town of Shirahama will be handed over to China next Saturday, ahead of the expiration of their loan period in August. The other two at Tokyo's Ueno Zoological Gardens are also due to return to China next February. Emi Mifune, a Komazawa University professor well-versed in Chinese diplomacy, believes China will rent out new pandas instead to Japan as Beijing is "in the middle of an escalating confrontation with the United States and needs to mend relations" with Tokyo. China's relationship with the United States has been cooling in recent years, as Washington maintains a hard-line stance toward China, renewed by tariff-fueled trade salvos by President Donald Trump who returned to the White House in January. She also said Beijing's agreement with Tokyo in late May to begin procedures to resume importing Japanese marine products indicates that China is making visible efforts to improve the relationship, something that a new panda allocation would support. China imposed a ban on Japanese seafood imports in August 2023 in opposition to the release of treated radioactive wastewater from the crippled Fukushima Daiichi nuclear power plant into the sea. The Asian neighbors have long been at loggerheads over historical and territorial issues, including a dispute over the Tokyo-controlled, Beijing-claimed Senkaku Islands in the East China Sea. China's increasing military activities in the Indo-Pacific region have only stoked tensions. China has long used the panda as a tool of diplomatic outreach and goodwill toward various nations, including the United States, Russia, Australia and South Korea among others. With an eye on fostering "an atmosphere of improving bilateral ties," China may announce a new panda loan, perhaps during the next meeting between Japanese Prime Minister Shigeru Ishiba and Chinese Premier Li Qiang, Mifune speculated. Japan hopes to host a summit with China and South Korea later this year in Tokyo, and Ishiba-Li talks are expected to take place on the sidelines. During a China trip as leader of a business delegation in early June, Yohei Kono, the former Japanese House of Representatives speaker, met with Li and floated the idea of the high-ranking Chinese official bringing pandas with him to Japan. While calling on Japan to promote cooperation to address "challenges posed to the world," such as "U.S. tariff measures," Li told Kono he attaches "great importance" to the panda request as "an important proposal," according to a delegation member. However, on Sept. 3 China will mark 80 years since it declared victory in its 1937-1945 War of Resistance Against Japanese Aggression, making diplomatic outreach in the approaching period challenging, Mifune said. Mifune also pointed out that China may be unwilling to send pandas to Adventure World in Shirahama during the tenure of the town's pro-Taiwan Mayor Yasuhiro Oe, who took office in May last year in a move that might have led to the four panda's repatriation ahead of schedule. Oe, a former House of Councillors member, has deep ties with Taiwan, with which the Japanese government only maintains unofficial relations. China sees the self-ruled democratic island as a breakaway province to be reunified with the mainland, by force if necessary. Adventure World has engaged in a collaborative project to breed the animal, now classified as "vulnerable" on the global list of at-risk species, with China since 1994. Masaki Ienaga, a professor at Tokyo Woman's Christian University, said that China has used pandas not as a tool to demand other nations "give ground" on bilateral issues, but as a signal that the attitude toward Beijing in the recipient nation is "right and friendly." "Even if China were to give Japan some pandas, it would not mean that Japan has to do a lot of things for it," but how the Japanese public reacts to the arrival of new pandas will matter to Beijing, he said. Ienaga is also skeptical that a new panda loan will have any tangible impact on the Japanese government's diplomatic posture toward China or Japanese public opinion about its neighbor. "Japanese society no longer really looks at pandas through a political lens," as opposed to in 1972 when the animals were accepted "genuinely as a symbol of friendship," Ienaga added. Related coverage: All 4 giant pandas at western Japan zoo to return to China in June Giant panda Eimei dies in China after repatriation from Japan