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Real Economy News in Real Time
R/€ = 14.20 Change: 0.00
R/$ = 11.57 Change: -0.02
Au 1328.95 $/oz Change: -0.15
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China urges US to rein in 'trade remedy measures' for steel

13th February 2018 BY: Reuters

China has expressed concerns over excessive protectionism in the steel sector by the US, and urged it to show restraint in using trade remedy measures, an official with Chinese Ministry of Commerce (Mofcom) said on Tuesday.

Wang Hejun, the head of Mofcom's Trade Remedy and Investigation Bureau, made the comments after the US launched a trade investigation over steel imports from multiple countries, including China.

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Wang said in a statement published on the Mofcom website that excessive protection is not a remedy and will only lead to a "vicious circle" of trade actions. 

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EDITED BY: Reuters
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