China made public its revised edition of anti-subsidy regulations on Friday, which will go into effect on June 1.
One of the major changes to China's Anti-Subsidy Statute is a regulation stipulating that imposing anti-subsidy tariffs should be in compliance with the public interest.
Item I of Article 34 has been changed to "the Ministry of Commerce may decide on suspending or terminating anti-subsidy investigations and not impose temporary anti-subsidy measures or tariffs if it deems that the undertaking (offered by the party involved) is acceptable and in the public interest."
The name of the Ministry of Foreign Trade and Economic Cooperation (MOFTEC), which was abolished and became part of the Ministry of Commerce, has been substituted by the latter in the revised statute.
The name of another abolished government department, the State Economic and Trade Commission was eliminated in the new regulations.
Premier Wen Jiabao has signed a decree of the State Council, or the central government, to publish its decision on revising the country's Anti-Subsidy Statute.
Xinhua has been authorized to make public Friday the decision and the revised statute, which is composed of 58 articles in six chapters.
China promulgated its first anti-subsidy regulations in 2001, which became valid from January 1, 2002.
(Xinhua News Agency April 17, 2004)
