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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology China hits out at EU modem probe AFP - Saturday, July 3 Send IM Story Print China hits out at EU modem probe Slideshow: Full Photo Coverage: Internet Portals & Search Engines BEIJING (AFP) - – China denounced an EU investigation into Chinese-made modems in a growing series of trade disputes with the European bloc, as an industry group warned affected firms could face huge losses. The European Union this week launched anti-dumping and safeguard probes into wireless wide-area networking modems imported from China, the Commerce Ministry said on Thursday. The modems are digital devices that allow connection to wireless networks. The case affects products worth around 4.1 billion yuan (605 million dollars), the ministry said on its website. "The Chinese public and industry players are deeply unhappy with it and China expresses its deep concern," it said in a statement. The EU probes are "typical trade protectionist measures" and will "not only hinder the European Union's own economic recovery, but also undermine Chinese interests and harm science and technology development." An explosion in trade between the European Union and China has led to an accumulation of disputes between the two sides at the WTO, notably over Chinese shoes and certain raw materials. Such probes are carried out to determine whether a product violates trade rules and can lead to retaliatory action. The Chinese statement added that Beijing "reserved the rights to take further measures" under World Trade Organisation rules. Dumping occurs when exports are sold at below the cost of production. The WTO's 153 member-states have the right to respond by levying extra tariffs. A WTO member may restrict imports of a product temporarily, known as a safeguard action, if its domestic industry is harmed or threatened with harm from the offending imports. Liu Huijuan, an official with the China Chamber of Commerce for Import and Export of Machinery and Electronic Products, the industrial association representing Chinese modem makers, said they could incur massive losses. "A huge impact will be caused to the sector if (the EU) decides to take actions against the product because the European Union and the United States are the two key markets of WWAN modems," she told AFP. China on Monday also slapped final anti-dumping duties on EU-made steel fasteners. Recommend Send IM Story Print Related Articles The Times starts charging for online content AFP - Saturday, July 3 China hits out at EU modem probe AFP - Saturday, July 3 Apple to issue patch for iPhone 4 antenna woes AFP - Saturday, July 3 US-TECH Summary Reuters - Saturday, July 3 Obama announces broadband grants to spur jobs Reuters - Saturday, July 3 News Search Top Stories World's biggest cake melting in Paris heatwave Falling unemployment fails to quell US recovery fears Russian cargo ship fails to dock with ISS Petraeus arrives in Afghanistan as Taliban attack kills five 3 Russian spy suspects due in US court More Top Stories » Related Full Coverage Internet Portals & Search EnginesLatest development in the online world All Full Coverage » ADVERTISEMENT Most Popular Most Viewed Most Recommended Who's right - the dolphin or the octopus? From boy to man: Cuba's Elian gives thanks 10 years later Lady Gaga leads race to get 10 million on Facebook Falling unemployment fails to quell US recovery fears Naomi Campbell to testify at war crimes court More Most Viewed » Amputee cat gets bionic legs Aussie men shoot each other in buttocks 'to see if it hurts' Fans gather for Michael Jackson death anniversary Disgraced millionaire lobbyist takes pizza job More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos World Cup 2010 Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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