Hello, friends! 👋 Did you know that many things we use every day are made from special materials? One of these materials is called polyformaldehyde copolymer. It’s a type of plastic used in car parts, electronic gadgets, sports equipment, and even medical tools!
Here’s some news: Starting from May 19, the Chinese mainland is adding extra charges, called anti-dumping duties, on this special plastic when it’s imported from the United States, the European Union, the Taiwan region, and Japan.
But why is this happening? 🤔 Well, companies from these places were selling the plastic in China at really low prices. This is known as dumping, and it can make it hard for local companies in the Chinese mainland to compete.
To help local businesses, China decided to add these extra fees, ranging from 3.8% to 74.9%. This means companies from those countries and regions will have to pay more to sell their plastic in China.
Think of it like a game where everyone should play fair! 🏀 By adding these duties, China hopes to keep things balanced so that its own companies can continue to grow and make cool products.
Isn’t it interesting how countries work together to make sure everyone gets a fair chance? 🌟
Reference(s):
China slaps anti-dumping duties on polyformaldehyde copolymer imports
cgtn.com
