Australia's recent decision to terminate the anti-dumping measures on Chinese stainless steel sinks will help deepen the economic and trade cooperation between the two sides, leading to win-win outcomes, the Ministry of Commerce (MOC) said on Thursday.
MOC spokesman He Yadong said China has noticed that the report released by the Anti-Dumping Commission of Australia on reviewing anti-dumping and countervailing duty measures on Chinese stainless steel sinks on Oct 17.
According to the report, the relevant Australian authorities concluded that discontinuing the anti-dumping measures on Chinese stainless steel sinks would not cause ongoing harm to the domestic industry in Australia, and recommended that these measures be terminated upon their expiration on March 26, 2025.
Noting that China and Australia are important trading partners for each other, He emphasized that through joint efforts, the two sides have reached a consensus within the WTO framework to properly resolve trade disputes, and promote the steady and healthy development of bilateral economic and trade relations.
"China has been actively advocating to properly address economic and trade frictions through dialogue and consultation. We are willing to work with our trade partners including Australia in the same direction, accommodate each other's legitimate concerns, and jointly promote a fair and stable international trade environment," said He.
Australia ending anti-dumping measures against Chinese imports benefits trade ties: spokesman
China's thirst for coffee continues to grow with an industry report unveiled at a coffee carnival in Shanghai on Wednesday showing the Chinese market has posted strong growth momentum alongside an increasing global consumption trend.
The ninth Lujiazui Coffee Festival opened in the heart of Shanghai on Wednesday, with the Global Coffee Industry Development Trends Insight Report and Index also being released at the event's opening ceremony.
The report showed that global coffee consumption reached 10.62 million tons in 2023, up 2.2 percent from the previous year, with a staggering total of 3 billion cups of coffee being consumed around the world every day.
It also detailed how the Chinese coffee market has expanded significantly, becoming one of the driving forces of the global coffee industry.
"The coffee industry in China is in a period of rapid expansion. [Its industrial scale] is estimated to be around 300 billion yuan (about 42.17 billion yuan), and it should maintain a double-digit growth rate every year," said Zhang Zhaoxin, a researcher at the Research Center for Rural Economy under China's Ministry of Agriculture and Rural Affairs.
The five-day coffee festival in Shanghai has brought together more than 260 brands and over 100 boutique coffee shops from around 70 cities around the world, offering a wide selection of flavors to coffee fans.
"When I came to this place, I felt that I could see some new stores that I had not seen before, which is very interesting," said a local.
"Like the specialty drinks of many boutique restaurants, they always have some very diverse products to attract us. Shanghai's coffee culture is very inclusive," said another attendee.
Report highlights China's growing thirst for coffee as fans flock to Shanghai festival
