China announces extension of two probes into trade barriers in US practices by 3 months

Beijing, Sept 30 (KUNA) -- China announced on Wednesday the extension of two investigations into “trade barriers in the measures taken by the United States to undermine global industrial and supply chains and hinder trade in green products” for three months. Xinhua News Agency reported that China’s Ministry of Commerce decided to extend the two probes, launched on March 27 under the Foreign Trade Law of the People’s Republic of China, until December 27 next year due to the complexity of the cases. The agency in Beijing explained that the investigations were opened because the United States had adopted measures including barring Chinese products from the U.S. market, banning exports of high-tech and advanced products to China, restricting two-way investment in key sectors, slowing the pace of implementing new energy projects, and limiting cooperation on technology related to green products. The decision comes three days after Beijing and Washington reached new agreements that helped ease trade tensions between the two countries and paved the way for a summit between the two presidents at the White House, including a mutual reduction of tariffs on goods worth $300 billion. (End) S.L.Q./M.A.A.