It was learned that the European Commission wanted to impose a 20% anti-dumping tax on Chinese shoes, and Wang Hai, the president of Qingdao Double Star Group, the largest shoe manufacturer in the country, made a statement.
"The application for the market economy status of Chinese shoe-making enterprises was rejected and it is not beyond our expectation."
"If the EU imposes anti-dumping duties on Chinese shoes, it will have little impact on the Double Star Group, but it cannot be ignored." Wang Hai explained that the main export market of the Double Star Group is not Europe but the United States. Therefore, even if the European Union determines to impose anti-dumping duties on Chinese shoes, it will not have much impact on the footwear industry of the Double Star Group. The number of products that the European Union wants to impose anti-dumping duties is not much, and the impact on the entire industry will not be too great. However, for Chinese shoe-making enterprises, the EU is a big market after all, and it will not be easy to give up, including the Double Star Group. The EU's anti-dumping ruling on Chinese shoes will face a huge test for the Chinese shoe industry.
Wang Hai added: “The reason why I said that the application has been rejected is not unexpected. On the one hand, considering the reasons for the protection of the industry in the EU, on the other hand, it is also related to the defects in the footwear industry in China. These trade frictions are fundamental. The reason is that the technical content of our footwear products is not high."
"Undeniably, for a long time, cheap labor has become the basis for many of China's labor-intensive companies to base themselves on the international market. Of course, the shoe-making industry is also among them. However, it now appears that a simple labor advantage can no longer be an enterprise's participation in the international community. The magic of market competition, especially for the labor-intensive industries such as shoemaking, it is particularly important for companies to participate in international competition by increasing the technological content of products."
Wang Hai finally said: "Why are you afraid of yourself? Who are you afraid of?"
"The application for the market economy status of Chinese shoe-making enterprises was rejected and it is not beyond our expectation."
"If the EU imposes anti-dumping duties on Chinese shoes, it will have little impact on the Double Star Group, but it cannot be ignored." Wang Hai explained that the main export market of the Double Star Group is not Europe but the United States. Therefore, even if the European Union determines to impose anti-dumping duties on Chinese shoes, it will not have much impact on the footwear industry of the Double Star Group. The number of products that the European Union wants to impose anti-dumping duties is not much, and the impact on the entire industry will not be too great. However, for Chinese shoe-making enterprises, the EU is a big market after all, and it will not be easy to give up, including the Double Star Group. The EU's anti-dumping ruling on Chinese shoes will face a huge test for the Chinese shoe industry.
Wang Hai added: “The reason why I said that the application has been rejected is not unexpected. On the one hand, considering the reasons for the protection of the industry in the EU, on the other hand, it is also related to the defects in the footwear industry in China. These trade frictions are fundamental. The reason is that the technical content of our footwear products is not high."
"Undeniably, for a long time, cheap labor has become the basis for many of China's labor-intensive companies to base themselves on the international market. Of course, the shoe-making industry is also among them. However, it now appears that a simple labor advantage can no longer be an enterprise's participation in the international community. The magic of market competition, especially for the labor-intensive industries such as shoemaking, it is particularly important for companies to participate in international competition by increasing the technological content of products."
Wang Hai finally said: "Why are you afraid of yourself? Who are you afraid of?"
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