China's newsprint industry wins antidumping lawsuit

Twelve Chinese enterprises headed by Yueyang Paper Group have finally won the antidumping lawsuit initiated by enterprises from Canada, ROK and US. on July 3rd. China will continue to collect antidumping tariff on newsprint produced in Canada, ROK and US in next five years.

This is first time for the domestic newsprint industry to win antidumping case, says expert with the Hunan Provincial Department of Commerce.

Aside from the Yueyang Paper Group, the Jilin paper Co., Ltd., Guangzhou Paper Co., Ltd, Fujian Nanping Paper Co., Ltd, Dongying Huatai Paper Co., Ltd and Chenming Paper Co., Ltd., paticpated in the lawsuit. The 12 enterprises at present occupy 80 percent of domestic market.

While the import of newsprint from Canada, ROK and US declines, China's newsprint import from countries including Russia, Japan, Scandinavian countries and Indonesia begins to rise.

Source: People's Daily Online