natgillin/translations-raw huggingface dataset:
Dette beløb blev derefter fordelt på de pågældende eksporterende producenters samlede omsætning eller den samlede eksportomsætning, hvis det var relevant.
In the current investigation, nothing on the file can change the findings of the Commission in the original investigation [37], in which it was concluded that the GOC directs preferential lending to a limited number of industries, considered key industries, and the PV industry is one of them.
Den subsidiesats, der blev fastsat i NUP for de eksporterende producenter i stikprøven i forbindelse med denne ordning, er på:
On the contrary, the investigation brought additional elements confirming the original finding.
Virksomhed/gruppe
One sampled exporting producer indicated that ‘Historically, China Development Bank has provided us with loans for our solar power project financing.
Subsidiesats (%)
As these loans are driven, in part, by policy considerations, to the extent that the government changes their position on the solar industry, the terms and availability of these loans may change’ and that ‘The PRC government also exercises significant control over China's economic growth through allocating resources, controlling payment of foreign currency-denominated obligations, setting monetary policy and providing preferential treatment to particular industries or companies’ [38].
Jinko Solar Co. Ltd og de forretningsmæssigt forbundne virksomheder
Additionally, a credit approval report also assessed positively the fact that the photovoltaic sector benefits government support and is promoted by national policy.
Changzhou Trina Solar Energy Co. Ltd og de forretningsmæssigt forbundne virksomheder
On the basis of the above, it is concluded that the authorities only allow the financial institutions to provide preferential lending to a limited number of industries/companies which comply with the relevant policies of the GOC.
Anmodningen indeholdt påstande om, at de kinesiske banker indrømmede uforholdsmæssige kreditlinjer til de kinesiske eksportører af den undersøgte vare.
Furthermore, no interested parties could provide supporting evidence that banks were assessing the creditworthiness of the PV industry adequately.
Undersøgelsen bekræftede, at alle undersøgte virksomheder ganske rigtigt fik indrømmet store kreditlinjer fra de kinesiske banker, der i de fleste tilfælde var uden gebyr.
Following disclosure, the GOC referred to the fact that the PV industry is allegedly not listed in the 13th Five-Year plan referred to in recital 83 and that the Commission has allegedly erroneously interpreted Decision 40.
Resultaterne af undersøgelsen
Furthermore, it indicated that the SEC filing of one Chinese producer cannot provide evidence of government policy.
Kreditlinjer er en potentiel overførsel af midler
It is first noted that the claims concerning the 13th Five-Year plan and Decision 40 have been addressed in recitals 87 and 89.
EF-Aircraft-panelets rapport bekræftede, at disse kreditlinjer, ud over virkningerne af de enkelte lån, kan udgøre potentielle direkte overførsler af midler i henhold til WTO's regler, der svarer til grundforordningens artikel 3, stk. 1, litra a), nr. i), og således finansielle bidrag.
As far as the SEC filing is concerned, it adds to the evidence already gathered and confirms the existence of a specific government policy in support of the PV industry.
Panelet fandt, at fordelen ved en potentiel overførsel af midler hidrører fra selve eksistensen af en forpligtelse til at foretage en direkte overførsel af midler.
The GOC also referred to the comments that it had raised with regard to recital 172 of the original regulation and that were already addressed in the original regulation.
Panelet fandt også, at en kreditlinje i sig selv kan medføre en fordel for modtagervirksomheden og dermed udgør en potentiel overførsel af midler, uafhængigt af enhver direkte overførsel af midler i form af individuelle lån [43].
Furthermore it indicated that, based on the AB report in US-Aircraft (Second Complaint), the specificity analysis should focus not only on ‘the particular recipients identified in the complaint, but … also on all enterprises or industries eligible to receive that same subsidy’ [39] and that, according to the Panel report in US — Aircraft [40], in order to be specific, a subsidy must be provided to a sufficiently limited ‘group’ of enterprises or industries and this requires more than a simple demonstration that less than all of the enterprises or industries were eligible to receive the subsidy.
De banker, som indrømmer disse kreditlinjer, er offentlige organer eller under statslig kontrol
In this regard, it is noted that the comments raised by the GOC in the original investigation were analysed and addressed in the original Regulation and that the conclusions drawn in the original investigation in this respect were not challenged in the Union Courts.
De eksporterende producenter i stikprøven fik indrømmet disse kreditlinjer af de samme banker, som bevilgede de præferencelån, som er beskrevet i afsnit 3.4.1.1.
As far as the references to the AB and Panel reports are concerned, reference is made to the documents that were listed in recital 172 of the original Regulation and to the documents mentioned above.
Disse banker er offentlige organer (jf. betragtning 136, 151, 166, 185 og 186).
In this regard, the Commission considers that references to the PV industry are sufficiently clear as the industry is identified either by its name or by a clear reference to the product that it manufactures or the industry group that it belongs to.
De udøver den offentlige opgave at fremme solcelleindustrien i overensstemmelse med den centrale planlægning, jf. afsnit 3.2..
On the basis of the evidence on the file, it is concluded that the subsidies in the form of preferential lending are not generally available and are therefore specific in the meaning of Article 4(2)(a) of the basic Regulation.
Ifølge spørgeskemabesvarelserne fra de tre stikprøveudtagne eksporterende producenter modtog de deres kreditlinjer uden vederlag.
Moreover there was no evidence submitted by any of the interested parties suggesting that the subsidy is based on objective criteria or conditions under Article 4(2)(b) of the basic Regulation.
Under normale markedsforhold medfører disse kreditlinjer omfattende tilsagn og administrationsgebyrer, der gør det muligt for bankerne at kompensere for omkostninger og risici.
Conclusion on the findings of the investigation
Fordelen er repræsenteret ved de gebyrer, der normalt gælder for erhvervskreditter til virksomheder, og som de eksporterende producenter i stikprøven i de fleste tilfælde undgik.
It is concluded that the vast majority of loans to the sampled groups of exporting producers are provided by State-owned banks which have been found to be public bodies in recital 201 above, because they are vested with government authority and exercise government functions.
Kommissionen anvendte de gebyrer, der blev opkrævet for den kreditlinje, som en udenlandsk forretningsbank gav en af de eksporterende producenter i stikprøven, i den oprindelige undersøgelse [44].
There is further evidence that these banks effectively exercise government authority since, as it is explained in recitals 197 to 201 there is a clear intervention by the State (i.e. the PBOC) in the way commercial banks take decisions on interest rates for loans granted to Chinese companies.
Ingen af de tre virksomheder i stikprøven kunne fremvise en sådan kreditlinje.
In these circumstances, the lending practices of these entities are directly attributable to the government.
Da gebyrerne beregnes som en procentdel af transaktionsværdien, var der ikke behov for at ajourføre den reference, der blev anvendt i den oprindelige undersøgelse.
Finally, the GOC failed/refused to provide information which would have enabled a greater understanding of the State-owned banks' relationship with government as explained in recitals 51, 103 and 104.
Desuden blev der ikke foreslået nogen anden reference i forbindelse med den nuværende undersøgelse.
Thus, for loans provided by State-owned banks in the PRC, the Commission concludes that there is still a financial contribution to the PV producers in the form of a direct transfer of funds from the government within the meaning of Article 3(1)(a)(i) of the basic Regulation.
Af samme årsager som anført i betragtning 230-235 er subsidier i form af uforholdsmæssigt gunstige kreditlinjer ikke almindeligt tilgængelige og er dermed specifikke, jf. grundforordningens artikel 4, stk. 2, litra a).
Based on the loan and credit line information obtained from the sampled exporting producers and the limited information obtained from the four banks, the Commission, based on facts available, found that in reality and in practice, State-owned banks exercise government authority and those banks carry out their business of lending in accordance with the needs of the national economic and social development and under the guidance of the industrial policies of the State, as stipulated in Article 34 of the Bank law.
Efter fremlæggelsen af oplysninger klagede en eksporterende producent over, at Kommissionen inkluderede en samarbejdsaftale mellem en bank og virksomheden i sin opregning af kreditlinjer.
A benefit within the meaning of Articles 3(2) and 6(b) of the basic Regulation exists to the extent that the government loans, or loans from private bodies entrusted or directed by the government, are granted on terms more favourable than the recipient could actually obtain on the market.
Aftalen kan derfor betragtes som en potentiel overførsel af midler eller som en levering af finansielle tjenesteydelser.
Non-government loans in the PRC do not provide an appropriate market benchmark, since it has been established that the Chinese financial market is distorted (see recitals 225 and 226).
En så værdifuld »garanti« ville have en vis værdi på markedet og stille modtageren bedre, end hvis denne ikke havde indgået en aftale.
Therefore, benchmarks have been constructed using the method described in recitals 246 to 248 below.
Som i den oprindelige undersøgelse, hvor en aftale med samme bank og det samme beløb var blevet udlignet, har Kommissionen gjort gældende, at en sådan aftale er udligningsberettiget.
This benchmark demonstrates that loans are granted to the PV sector at below-market terms and conditions.
Undersøgelsen viste, at alle (grupper af) eksporterende producenter i stikprøven havde fordel af kreditlinjer, der indrømmes uden vederlag eller til en sats, der ligger under markedsprisen, i NUP.
As established in recital 191 of the original Regulation, the PV industry belongs to the encouraged category according to Decision 40.
I overensstemmelse hermed bør indrømmelsen af disse kreditlinjer til solcelleindustrien betragtes som en subsidiering.
Decision 40 has not been amended since then and it provides binding rules to all the economic institutions in the form of directives on the promotion and support of encouraged industries, one of which is the PV industry.
Beregning af subsidiebeløbet
As explained in recital 172 of the original Regulation, the GOC directs preferential lending to a limited number of industries and the PV industry is one of them.
Indrømmelse af kreditlinjer uden vederlag eller til gebyrer under markedsniveau betragtes som en levering af finansielle tjenesteydelser (jf. grundforordningens artikel 3, stk. 1, litra a), nr. iii)) mod utilstrækkeligt vederlag.
Based on the above, the same conclusion can be drawn, i.e. the authorities only allow the financial institutions to provide preferential loans to a limited number of industries/companies, which comply with the relevant policies of the GOC.
Det udligningsberettigede subsidiebeløb er beregnet som den fordel, som det konstateredes, at modtagerne havde opnået i NUP.
On the basis of the evidence on the file and in the absence of cooperation from the GOC on this matter it is concluded that the subsidies in the form of preferential lending are not generally available and are therefore specific in the meaning of Article 4(2)(a) of the basic Regulation.
På grund af den markedsfordrejning, der er beskrevet i betragtning 225 og 226 kunne relevansen af godtgørelsen for finansielle tjenesteydelser (i dette tilfælde kreditlinjer) ikke afgøres på grundlag af gældende markedsvilkår i Kina.
Moreover, there was no evidence submitted by any of the interested parties suggesting that the subsidy is based on objective criteria or conditions under Article 4(2)(b) of the basic Regulation.
I henhold til grundforordningens artikel 6, litra d), nr. ii), anses fordelen for modtagerne derfor at være forskellen mellem det beløb, virksomheden betaler for kreditlinjen, som indrømmes af kinesiske banker, og det beløb, den pågældende virksomhed ville skulle betale for en tilsvarende kreditlinje, som kunne opnås på markedsvilkår.
Conclusion
Kreditlinjer kan også betragtes som en potentiel overførsel af midler i henhold til grundforordningens artikel 3, stk. 1, litra a), nr. i).
The investigation showed that all sampled exporting producers benefited from the preferential lending in the RIP.
I den oprindelige undersøgelse havde en af de stikprøveudvalgte eksporterende producenter opnået en kreditlinje fra en bank, hvis hovedkontor var etableret i en anden finansiel jurisdiktion end Kina, og denne kreditlinje var omfattet af forpligtelser og administrationsgebyrer, som det er sædvanlig praksis på de globale finansmarkeder.
Accordingly, the financing of the PV industry should be considered a subsidy.
Selv om kreditlinjen blev indrømmet af den pågældende banks kinesiske datterselskab, ansås det for at være en passende erstatning for en reference.
In view of the existence of a financial contribution, a benefit to the exporting producers and specificity, this subsidy should be considered countervailable.
Også med henblik på beregningen af subsidiebeløbet for denne ordning i den nuværende udløbsundersøgelse, blev det fundet hensigtsmæssigt at anvende gebyrerne for denne kreditlinje som reference i overensstemmelse med grundforordningens artikel 6, litra d), nr. ii).
Calculation of the subsidy amount
Som anført i betragtning 267 kunne der ikke identificeres en bedre reference.
Following the methodology applied in the original investigation, the amount of countervailable subsidy is calculated in terms of the benefit conferred on the recipients, which is found to exist during the RIP.
Størrelsen af de gebyrer, der blev brugt som reference, blev anvendt i forhold til beløbet for hver kreditlinje for at opnå subsidiebeløbet (minus eventuelle faktisk betalte gebyrer).
According to Article 6(b) of the basic Regulation the benefit conferred on the recipients is considered to be the difference between the amount of interest that the company pays on the government loan and the amount that the company would pay for a comparable commercial loan obtainable on the market.
I tilfælde, hvor kreditlinjen løb over mere end et år, blev det samlede subsidiebeløb fordelt over kreditlinjens varighed og et passende beløb tilskrevet NUP.
As explained above in recital 236 to 241, since the loans provided by Chinese banks reflect substantial government intervention in the banking sector and do not reflect rates that would be found in a functioning market, an appropriate market benchmark has been constructed using the method described below.
Undersøgelsen bekræftede, at virksomhederne i stikprøven ikke havde modtaget fordele under denne ordning i NUP.
Furthermore, due to the lack of cooperation by the GOC, the Commission has also resorted to facts available in order to establish an appropriate benchmark interest rate.
Under alle omstændigheder tyder intet på, at de oprindelige eksportsubsidieordninger er blevet trukket tilbage.
As done in the original investigation, when constructing an appropriate benchmark for RMB denominated loans, it is considered reasonable to apply Chinese interest rates, adjusted to reflect normal market risk.
Anmodningen indeholdt påstande om, at Sinosure yder eksportkreditforsikring på favorable vilkår til producenter af den undersøgte vare.
Indeed, in a context where the exporters' current financial state has been established in a distorted market and there is no reliable information from the Chinese banks on the measurement of risk and the establishment of credit ratings, it is considered necessary not to take the creditworthiness of the Chinese exporters at face value, but to apply a mark-up to reflect the potential impact of the Chinese distorted market on their financial situation.
Ifølge klagen er Sinosures eksportkreditforsikring slet ikke tilstrækkelig til at dække langsigtede aktiviteter, og Sinosure opererer i en situation med langvarige driftstab.
The benchmarks [41] used are as follows:
Manglende samarbejdsvilje og brug af de foreliggende faktiske oplysninger
Period
Som nævnt i betragtning 279-283 anmodede Kommissionen den kinesiske regering og Sinosure om oplysninger i spørgeskemaet, i mangelskrivelserne og under kontrolbesøget, hvoraf et betydeligt antal elementer ikke var indsendt af den kinesiske regering og/eller Sinosure, og Kommissionen var derfor ikke i stand til at kontrollere alle væsentlige elementer og oplysninger, der havde en klar forbindelse til ordningen såsom de dokumenter og data, der omtales herunder.
RMB Benchmark (%)
For så vidt angår kapitalinteresser og den interne beslutningsproces blev de nye/reviderede vedtægter ikke fremlagt.
up to 1 year
Efter fremlæggelsen af oplysninger understregede den kinesiske regering, at Kommissionen ikke har angivet, hvilke specifikke oplysninger fra vedtægterne der ikke var tilgængelige, eller hvordan dette har påvirket Kommissionens analyse, og at den har baseret sig på en forældet udgave af vedtægterne.
1 to 5 years
I denne henseende bemærker Kommissionen, at den baserede sine konklusioner på den udgave af vedtægterne, der var til rådighed og ikke var blevet anfægtet.
over 5 years
Hvad angår de interne regler for aktiviteter og risikovurderingsprocessen fremlagde Sinosure ikke de ønskede »grundlæggende regler for omfattende risikostyring for det kinesiske eksportforsikringsselskab (China Export & Credit Insurance Corporation)« og »ordning for særlige tilladelser til politikbaserede eksportkreditforsikringsordninger for China Export & Credit Insurance Corporation«, som der henvises til i det referat af bestyrelsesmødet, der var angivet i spørgeskemabesvarelsen.
As for loans denominated in foreign currencies, a similar situation in respect of market distortions and the absence of valid credit ratings applies, because these loans are also granted by Chinese banks.
Efter fremlæggelsen af oplysninger udtalte den kinesiske regering, at det er ulogisk at nævne, at det andet dokument ikke er blevet fremsendt, da det, som Kommissionen påpeger i sit eget dokument fra kontrolbesøget hos Sinosure, ikke eksisterer.
Therefore, as in the original investigation, BB rated corporate bonds with relevant denominations issued during the RIP were used to determine the following benchmarks [42]:
Kommissionen er dog overrasket over, at der i referatet af bestyrelsesmødet henvises til et ikkeeksisterende dokument.
Currency
Faktum er desuden, at dokumentet ikke var blevet fremlagt og derfor var opført på den liste, som den kinesiske regering godkendte og underskrev ved afslutningen af kontrolbesøget.
Benchmark (%)
Begrundelsen for ikke at have fremlagt dokumenterne var den begrundelse, som den kinesiske regering fremsatte, og de blev noteret med henblik på undersøgelsen.
Following disclosure, the GOC objected to the addition of a mark-up to determine the benchmark for RMB loans on the basis that there was no factual basis for the Commission to consider the sampled companies should be given ‘BB’ rating in consideration of their performance and profitability data and implied that such situation applied to the whole sector.
Selv om Sinosure lod Kommissionen kaste et kort blik på tallet for overskud/underskud, men kun for kortfristede kreditforsikringer under eksportkreditforsikringsordningen, bemærkes det, at Kommissionen ikke fik lov til at undersøge eller tage en kopi af dokumentet, og at den beregnede rentabilitet ikke var underbygget af beviser.
It also objected to the methodology used for the establishment of the benchmark for EUR and USD denominated loans on the grounds that the PBOC did not set floor lending rates for loans in such currencies and banks are free to provide them at any rate.
Efter fremlæggelsen af oplysninger udtalte den kinesiske regering, at Kommissionen havde indrømmet, at oplysningerne vedrørende fortjeneste og tab i betragtning 280 burde revideres.
It also referred to one cooperating producer for which the calculated benchmark was below the rate at which all loans were granted.
Den kinesiske regering bør dog også tage hensyn til resten af den pågældende betragtning, som fører til den konklusion, at Kommissionen ikke var tilfreds med de afgivne oplysninger.
As far as the mark-up and the credit rating used, the Commission did not receive any guidelines from the banks which it uses to credit rate companies.
Den kinesiske regering påstod også, at Sinosure afgav detaljerede oplysninger i sin besvarelse af spørgeskemaet om kortfristet eksportkreditforsikring i forbindelse med eksport af solenergiprodukter til Unionen.
Further, the few documents shown by the companies themselves were not reliable for the purposes of assessing their credit worthiness.
Kommissionen bemærker i den forbindelse, at de tal, der blev fremlagt under kontrolbesøget, ikke gjorde det muligt at kontrollere disse oplysninger med det samme.
In particular, one company submitted a credit rating related to one of its numerous companies not active in the PV sector.
Oplysninger om eksportkreditforsikring pr. sektor for de 10 største eksporterende producenter eller de tre eksporterende producenter i stikprøven blev heller ikke fremlagt.
Another company submitted a document that was not issued by a bank but by a paid credit rate agency.
Påstande fremsat efter fremlæggelsen af oplysninger vedrørende de 10 største eksporterende producenter er behandlet i betragtning 67.
A third document had already be dismissed during the original investigation with no additional elements added to the file.
Med hensyn til den kinesiske regerings påstand om, at Kommissionen under alle omstændigheder havde adgang til oplysningerne om de tre eksporterende producenter i stikprøven fra de eksporterende producenter selv, bemærker Kommissionen, at Sinosure selv burde have fremlagt de ønskede oplysninger.
As far as loans denominated in EUR and USD are concerned, reference is made to recital 237 where distortions in the market are listed.
Sinosure kunne ikke antage, at de tre eksporterende producenter i stikprøven ville fremlægge oplysninger om eksportkreditforsikring, og selv i bekræftende fald kunne Sinosure ikke blot gå ud fra, at disse oplysninger var fuldstændige eller korrekte.
Such distortions justify the use of an external benchmark also for such loans.
Det er en del af undersøgelsesmyndighedens ansvar at indsamle oplysninger fra forskellige kilder, hvilket er en opgave, der har været hæmmet af manglende samarbejdsvilje.
As far as the cooperating producer referred to by the GOC is concerned, this claim was not supported by the information on file.
Sinosure er et offentligt organ
It is not an appropriate benchmark for lending for PV companies under the circumstances in this investigation specially bearing in mind that it is explained above that the benchmark should be for companies with a BB rating, whereas banks typically have much better ratings if they want to access interbank lending.
I den oprindelige undersøgelse [45] konkluderedes det, at Sinosure er et offentligt organ.
This party also commented that the Commission had not made a deduction in the benefit for the few loans granted in excess of the calculated benchmark.
Hverken den kinesiske regering eller Sinosure fremlagde i løbet af undersøgelsen bevis for, at denne situation havde ændret sig.
However, as in the original investigation, it was considered that such loans should not have any impact on the calculation.