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China Announces List of Machinery Products to Be Affected by China's WTO Accession
China announced today a list of machinery products that will be affected by China's accession into the World Trade Organization (WTO).
The list, released at the fourth China Fair for International Investment and Trade, which is being held in the port city of Xiamen, shows that China's machinery industry will suffer the most and for the longest of all industries, following China's WTO accession.
Products predicted to be affected include the following:
-- Advanced electricity generating equipment, including supercritical thermal power generating units, circulating fluid bed furnaces, large gas turbine, pumped-storage power units;
-- New-type metallurgical and mining equipment such as sheet bar cool and hot rolling equipment, multi-rope whirling equipment with a diameter of four meters, and long-distance, high-strength belt transmission equipment;
-- Equipment which can produce 450,000 tons of synthetic ammonia, 800,000 tons of urea and 600,000 tons of ethene annually;
-- Large tractors for special purposes, and supporting agricultural machinery, such as over 80-horsepower tractors;
-- Large engineering machines with high efficiency, such as over 10 cubic meter scrapers and 100-ton trucks used in mines;
Other products include, basic machinery and key spare parts, automatic control system and new-type sensing components, and new-type machinery for environmental protection.
The spokesman for State Administration of Machinery Industry said that China plans to set up 30 to 50 large machinery enterprises and enterprise groups to counter the challenges brought by China's accession into the WTO.
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