In anier to prevent foreign countries fiom dumping their surplus products in China and to protect China's domestic trade and industry, the National Government has draft-a series of Anti-Dumping Regulations which make interesting According to these, the Government proposes to impose an -Anti-Damping Tax, in addition to the usual Customs import duty, on foreign imports which are shipped to China in large quantities and sold at unusually low prices as the importation of such goods has resulted ina keen competition with native products of a similar nature.
Foreign imports, which will come under the -heading of "dumping," include those which are sold in China at prices lower than those Prevailing in the nation of their Production after—transportation, charges, insurance costs and other necessary costs have been deducted; those which are sold in Ohina at prices lower than the prices of the Same products sold in other foreign nations by the nation of production; and those which are sold-in Chine at prices lower than their cost.
An Investigation Committee, compoed of three representatives each of the Ministries of Finance and Industry, will be appointed to investigate the "dumping" of commercial commodities in China by, foreign countries, either voluntarily or at the request of the people. After determining whether the foreign products sold in China come within the category-of "dumping," the committee shall immediately Tofer such matters to the Ministries of Finance and Industry, and, if deemed necessary, the Government may, after studying the reports submitted, impose an Anti-Dumping Tax on foreign imports.
'The Anti-Dumping Tax shall not higher than the. difference between the producers' costs (ex-eluding necessary expenses) and the producers' export prices of between the producers' costs and the producers' wholesale prices. in Chit In the event of the exportation to (China of foreign products coming within the category of "dumping" being encouraged, directly or directly, by the foreign governments which grant subsidies to their
the-event of the dumping. of such merchants for this purpose and
Text read from the printed page and cleaned; old type leaves the occasional error.