Anti-dumping tariffs

THE Ministry of Commerce said yesterday it will maintain anti-dumping and anti-subsidy tariffs on imports of U.S. distillers grains (DDGS), a cereal byproduct of ethanol manufacturing, after completing a review launched in April.

The ministry cited potential damage to domestic producers in its decision to retain anti-dumping duties of 24.2 to 53.7 percent and anti-subsidy tariffs of 11.2 to 12 percent on DDGS products from the United States.

Refinery capacity

THE country’s oil refining capacity has increased significantly over the past few years, with annual refined oil output standing at 360 million tons at the end of 2018, statistics showed.

As production ramped up, China has become the world’s No. 2 refinery country, next only to the United States in capacity, industry insiders and experts said at the ongoing 2019 Asia Downstream Technology & Markets Conference held in Lianyungang, eastern China’s Jiangsu Province. China currently has more than 210 oil refineries. Twenty-three of them are large refineries that have an annual refining capacity of 10 million tons as of end of 2017.

Visitors to Australia

THE number of international visitors to Australia hit 8.5 million in the 12 months to March 2019, with China being the biggest source of visitors, data released yesterday revealed.

Tourism Research Australia revealed that the total number of visitors rose 3 percent from the previous year while the amount they spent rose 5 percent to 44.3 billion Australian dollars (US$30.4 billion). China remained Australia’s leading tourism market, with the number of visitors from the country growing 2.9 percent to 1.3 million. The amount spent by Chinese visitors grew by 10 percent to 12 billion Australian dollars.