Views: 1 Author: Site Editor Publish Time: 2021-04-27 Origin: Site
2004 Color TV setbacks when going to sea
This year, the much-anticipated anti-dumping case of China's color TV sets had a final result.In fact, as early as 2002, the share of Chinese color TVs in the US market increased year by year, which aroused the preparedness of local American companies and well-known color TV manufacturers in Europe, Japan, and South Korea that have entered the US market. In the end, the United States raised a big stick of anti-dumping.
On April 13, 2004, the U.S. Department of Commerce announced the final results of the anti-dumping case against China’s color TV industry:The four companies that were separately investigated by the U.S. government received separate tax rates.Among them, Changhong’s recognized dumping duty rate is 24.48%, TCL’s 22.36%, Konka 11.36%, Xoceco 4.35%; Haier, Hisense and other color TV companies that have actively responded to the lawsuit but have not received a separate investigation have received an average dumping duty rate of 21.49%. Other companies that did not respond to the lawsuit were uniformly set at a dumping duty rate of 78.45%.
China's color TVs have suffered a severe setback when they go to sea.
2005 exchange rate fluctuation
On January 1, 2005, the "Multi-Fiber Agreement" (also known as the "International Textile Trade Agreement") was terminated, which is another great thing for the development of China's trade.Because the agreement aims to set quotas for textiles exported from developing countries to developed countries, after the total abolition of quotas, my country's textiles can make a big splash in the international market.
As early as March 2004, foreseeing the imminent pressure on Chinese textiles, industry organizations in the United States, Mexico, Turkey and other countries signed the "Istanbul Declaration", requiring continued quota management on Chinese textile exports until the end of 2007. But fortunately, the WTO finally rejected the proposal of the "Istanbul Declaration", which made the quota provisions terminated as scheduled.
Another major event this year was the exchange rate. On July 21, 2005, the People's Bank of China announced that from now on, my country will begin to implement a managed floating exchange rate system based on market supply and demand with reference to a basket of currencies. The RMB exchange rate is no longer pegged to a single US dollar, and a more flexible RMB exchange rate mechanism is formed. According to the calculation of the reasonable and equilibrium level of the exchange rate, the RMB appreciated 2% against the US dollar on the same day, that is, 1 US dollar was worth 8.11 yuan.
