China took temporary anti-dumping measures on Monday against imports of phenol, a caustic crystalline compound used in resins, plastics and pharmaceuticals.
The Ministry of Commerce (MOC) announced the introduction of a cash deposit for imports of phenol from Japan, the Republic of Korea, the United States and China's Taiwan province.
China launched the anti-dumping investigation on August 1st, 2002 and the MOC concluded that dumping had taken place and that the imports had done substantial damage to domestic industry.
The ministry's primary investigation concluded that there was a direct causal relationship between the dumping and the damage.
In accordance with anti-dumping regulations, the MOC determined that importers of such products would have to pay a cash deposit to Chinese customs, ranging from seven percent to 144 percent of the value.
(Xinhua News Agency June 9, 2003)
