BizChina

China would launch a review of the anti-dumping measures against chloroform imports from the European Union, the Republic of Korea (ROK) and the United States on Monday.

The Ministry of Commerce (MOC) announced the decision on its website Sunday one day before the measures were due to be ended, after it received applications for reviewing the measures from two Chinese chemical enterprises representing the Chinese chloroform producers.

The measures against Indian chloroform would be terminated on Monday as no applications were filed, the MOC said in the statement.

China started to levy tariffs of 32 percent to 96 percent on chloroform imported from the four places for five years on Nov. 30, 2004, after finding the imports caused essential damages against domestic industry.

The review would normally be ended by Dec. 30, 2010, before which the duties would remain in place.

Environment-related stocks rose in morning trade Friday on China's firm target to curb greenhouse gas emissions, despite an overall drop at the two main stock exchanges.

The sector rose 0.93 percent on average as of 11:30 a.m., while the benchmark Shanghai Composite Index lost 1.05 percent to 3,137.65 points and the Shenzhen Component Index slid 1.25 percent to 13,121.24 points.

Fujian Longking Co., a manufacturer of electro filter equipment and flue gas desulfurization equipment, gained 7.18 percent to 31.65 yuan (4.65 U.S. dollars). FeiDa Group Co., producer of air and water cleaning equipment in Zhejiang Province, rose by the daily limit of 10 percent to 16.12 yuan.

The State Council, or the Chinese cabinet, announced Thursday that China was going to reduce the intensity of carbon dioxide emissions per unit of GDP in 2020 by 40 to 45 percent compared with the level of 2005.

Qin Xiaobin, analyst with the China Galaxy Securities, told Xinhua that the target unveiled yesterday showed the government would intensify efforts on combating climate change and improving energy efficiency.

The pledge promised a long-term and fast growth for the companies in the sector, he said.

China's Geely Holding Group said Friday it was having a detailed and in-depth discussion with Ford over relevant terms and contracts about acquiring Volvo.

AGCO, the world's third biggest agricultural equipment maker, said on Wednesday it would invest 100 million U.S. dollars in China in the next three to five years to boost its presence in the emerging market.

The company will open two factories in China next year, one in the eastern city of Changzhou making low and medium-powered tractors, generators and transmissions and the other in the northeastern Heilongjiang Province producing high-powered tractors, combines and balers.