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China says Indonesia's anti-dumping probe is overprotection

Xinhua, September 1, 2016 Adjust font size:

Indonesia's anti-dumping investigation into China-produced steel wire rods, which was launched Wednesday, is overprotectionism, the Ministry of Commerce (MOC) said Thursday.

Indonesia began a 3-year tax on the same product in August 2015 and the trade remedy measure is still valid, according to a brief MOC statement.

"Overprotectionism will only negatively impact on Indonesia's own economic development," it noted.

"The Chinese government backs domestic steel enterprises to communicate with Indonesian firms and investigators to seek a proper solution," said the statement.

The MOC hoped Indonesia would carry out a fair, just and transparent investigation. Endi