Beijing, April 19: China is set to impose temporary anti-dumping measures on imports of synthetic rubber from the US, the EU and Singapore, the Ministry of Commerce said on Thursday.
The statement said that a Ministry investigation that began in August concluded that US, European and Singaporean vendors of synthetic rubber had set a price 26-66.5 per cent below the cost value, which amounted to dumping, Efe news reported.
"In response to the application of domestic halogenated butyl rubber industry, the Ministry of Commerce issued an announcement on August 30, deciding to initiate an anti-dumping investigation," the Chinese Ministry said in the statement.
In order to prevent losses to the domestic sector, the Ministry said it decided to impose a tariff on the import of the product, which would vary according to the level of dumping carried out by each company.
The measure, which will come into effect on Friday, is the first of its kind on the product, although it could be followed by other announcements.
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IPL mega auction to be held in Jeddah in Saudi Arabia on November 24, 25: BCCI
New Delhi, Nov 5: The mega auction ahead of the Indian Premier League 2025 will be held in Jeddah, Saudi Arabia, on November 24 and 25, the BCCI announced on Tuesday.
This is the second successive year the auction is being held overseas as Dubai hosted the previous one ahead of the IPL 2024.
The player registration officially closed on Monday and a total of 1,574 cricketers (1,165 Indian and 409 overseas) have been signed up for the auction, which will clash with the third and fourth day’s play of the first Test between India and Australia in Perth, which begins on November 22.
Each franchise will be able to form a maximum squad of 25 players (including respective retained players), and a total of 204 slots will be up for grabs from the auction.
The list includes 320 capped players, 1,224 uncapped players and 30 players from the Associate Nations.
Among capped players, 48 are from India. Moreover, 965 uncapped players of the country will also be part of the auction.
This year’s auction will feature some high-profile India stars such as Rishabh Pant, KL Rahul, Shreyas Iyer and Arshdeep Singh.
The 10 franchises will collectively have around Rs 641.5 crore to spend for the available 204 slots.
Out of those 204 slots, 70 are earmarked for overseas players.
As of now, 46 players have been retained by the 10 franchises with cumulative expenditure of Rs 558.5 crore.
Each franchise was allocated Rs 120 crore to build their squads but after the retention process, which was announced on October 31, Punjab Kings have the biggest purse -- Rs 110.5 crore.
The Punjab outfit retained just two uncapped players -- Shashank Singh and Prabhsimran Singh for Rs 9.5 crore.
Rajasthan Royals, under Sanju Samson, have the smallest purse of Rs 41 crore after retaining six players.
The Kolkata Knight Riders have also retained six players but they have a remaining purse of Rs 51 crore.
