puma quotes

puma quotes

Xiamen, China, Sept 9 (Reuters) - Europe must recognize the competitive advantage of China is growing in the low-end manufacturing and stop Chinese companies affected with anti-dumping duties, a senior Commerce Ministry official said Tuesday.

The European Union took 12 anti-dumping measures against measures China in the past 12 months, in the industries of canned mandarin light bulbs Having concluded that companies selling goods for less than the cost of doing they.

Yongru Cheng, Director of Fair Trade for Imports and Exports, said the EU should accept China's prowess as a function of the international division of labor.

"The EU companies must adjust their mindsets to adapt to the trend of globalization. At this stage of globalization, the benefits of China are in processing, manufacturing of low-end and labor-intensive sectors, "he said.

"The EU should carry out this work and improve their competitiveness in high technology, high quality and service sectors, which enjoy more benefits," said Cheng as part of an investment conference in southern Xiamen.

EU Trade Commissioner Peter Mandelson, due to visit China in September. 24-27, always has urged China to open its markets to foreign goods and investment to meet Europe calls for a tougher line against China and its surplus growing business.

Cheng was speaking a day after sources familiar with the matter said the 27 EU members are likely to maintain dumping duties on footwear imported from China and Vietnam while Brussels considers that calls to formally renew.

The levies, which expired in October, is set to expand in 2009, according to sources [ID: nL870687].

The major manufacturers of footwear, on Tuesday also expressed growing concern at "the abuse of antidumping measures in the European Union and urged the bloc not to preserve the rights of the shoes in place.

"The EU is the shot in the foot if it is stated that the interruption of the overall benefits of the supply chain to consumers, innovation and competitiveness", said Alberto Bichi, head of the Federation of European sporting goods industry, including companies such as Adidas (ADSG.DE: Quote, Profile, Research, Stock Buzz) and Puma (PUMG.DE: Quote, Profile, Research, Stock Buzz).

Cheng said the EU has been a decrease is different depending economy treatment of Chinese companies on the market, a designation that helps to avoid anti-dumping measures.

The EU has not granted China on market economy status at national level, arguing that the state still plays too large a role in the economy.

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