natgillin/translations-raw huggingface dataset:
The GOC has drawn the Commission’s attention to other articles of the Banking Law, namely Articles 4, 5 and 7, which should ensure that loans are made without interference and after a credit assessment.
Kineska vlada upozorila je Komisiju na ostale članke Zakona o bankama, odnosno članke 4., 5. i 7. koji bi trebali osigurati da se zajmovi daju bez uplitanja i nakon kreditne procjene.
The Commission acknowledges that these Articles exist but notes that the GOC, the banks and the sampled companies concerned were unable to demonstrate that loans were made without interference – given the preferential lending to the solar glass industry – and with a credit assessment – as despite requests no loan agreements or risk assessments, including credit ratings, were provided as exhibits or found linked to any loan provided to any sampled exporting producer.
Komisija potvrđuje da ti članci postoje, ali napominje da kineska vlada, banke i dotična trgovačka društva u uzorku nisu bili u stanju dokazati da su zajmovi dani bez uplitanja – s obzirom na davanje povlaštenih zajmova industriji solarnog stakla – i s kreditnom procjenom – kako usprkos zahtjevima, nisu osigurani sporazumi o zajmovima ili procjene rizika, uključujući kreditne rejtinge, niti je utvrđeno da su povezani s nekim od zajmova danih nekom od proizvođača izvoznika u uzorku.
Second, banks are required to provide credit support to encouraged industries under Decision No 40 and Decision No 9, which have the force of law.
Drugo, od banaka se zahtijeva da pruže kreditnu potporu poticanim industrijama prema Odluci br. 40 i Odluci br. 9, koje imaju snagu zakona.
The GOC confirmed during the inspection of the Ministry of Commerce that solar glass is an encouraged industry.
Kineska je vlada tijekom provjere Ministarstva trgovine potvrdila da je solarno staklo poticana industrija.
This is in line with the Industrial Restructuring Guidance Catalogue of 2011, which was provided by the GOC in its questionnaire reply and which classifies solar glass in the encouraged category.
To je u skladu s Katalogom uputa o industrijskom restrukturiranju iz 2011., koji je kineska vlada dostavila u svom odgovoru na upitnik i koji solarno staklo razvrstava u poticanu kategoriju
Decision No 40 provides guidance to all financial institutions in the form of binding instructions on the promotion and support of encouraged industries, and the solar glass industry constitutes an encouraged industry.
Odlukom 40 daju se smjernice svim financijskim institucijama u obliku obvezujućih uputa o promociji i potpori poticanih industrija, a industrija solarnog stakla predstavlja poticanu industriju.
Following disclosure the GOC disputed the Commission’s assessment of the impact of Decision No 40 and the Regulations attached, and Decision No 9.
Nakon objave, kineska vlada osporila je ocjenu Komisije o utjecaju Odluke br. 40 i uredbi u privitku, te Odluke br. 9.
The Commission restates that its assessment of both Decision No 40 and the Regulations attached is that they set out the needs of the national economy.
Komisija ponavlja da je njezina ocjena i Odluke br. 40 i uredbi u privitku da one utvrđuju potrebe nacionalnoga gospodarstva.
They set out a strategy for government and for the financial sector and in particular direct lending by financial institutions to encouraged industries such as solar glass.
Utvrđuju strategiju za državu i za financijski sektor, a posebno davanje izravnih zajmova financijskih institucija poticanim industrijama poput solarnog stakla.
The GOC were asked to clarify the legal status of a Decision of the State Council such as Decision No 40.
Od kineske vlade zatraženo je da pojasni pravni status Odluke Državnog vijeća kao što je to Odluka br. 40.
Their only reply was that it is a Regulation issued by the State Council and does not form part of Chinese law.
Njihov je jedini odgovor bio da je to uredba koju je objavilo Državno vijeće i da nije dio kineskog prava.
However they provided no evidence to substantiate that argument.
Međutim, nisu pružili nikakve dokaze kako bi potkrijepili tu tvrdnju.
The view taken by the GOC is in contradiction with publicly available information, which describes the State Council as the highest administrative authority with administrative rule-making power.
Stav koji je zauzela kineska vlada je u suprotnosti s javno dostupnim informacijama, koje opisuju Državno vijeće kao najviše administrativno tijelo s administrativnom ovlasti za donošenje pravila.
According to those sources, Decisions of the State Council are legally binding rules.
Prema tim izvorima, Odluke Državnog vijeća pravno su obvezujuća pravila.
On the basis of the facts available, the Commission therefore takes the view that Decision No 40 and implementing Decisions attached to that Decision, such as Decision No 9, are administrative Regulations, and as such part of Chinese law.
Na temelju dostupnih činjenica, Komisija prema tome zauzima stajalište da su Odluka br. 40 i provedbene Odluke u privitku te Odluke, kao što je Odluka br. 9, administrativne uredbe te su kao takve dio kineskog prava.
The Commission therefore confirms the analysis in recital 191 of the solar panels Regulation, which concludes that Decision No 40 and Decision No 9 are legally binding for other public bodies and economic operators.
Komisija stoga potvrđuje analizu u uvodnoj izjavi (191) Uredbe o solarnim pločama, koja zaključuje da su Odluka br. 40 i Odluka br. 9 pravno obvezujuće za druga javna tijela i gospodarske subjekte.
The Commission also analysed whether privately-owned banks in China are entrusted and/or directed by the GOC to provide preferential loans to solar glass producers, within the meaning of Article 3(1)(a)(iv) of the basic Regulation.
Komisija je također analizirala povjerava li i/ili usmjerava li kineska vlada privatne banke u Kini na osiguranje povlaštenih zajmova proizvođačima solarnog stakla, unutar značenja članka 3. stavka 1. točke (a) podtočke iv. Osnovne uredbe.
Article 34 of the banking law applies also to privately owned banks in China.
Članak 34. zakona o bankama također se primjenjuje i na privatne banke u Kini.
The GOC and interested parties have not provided any evidence that the conclusion on the legal situation reached in recital 174 of the solar panels Regulation, namely that the GOC instructs them in the same manner as state-owned banks, ceases to apply.
Kineska vlada i zainteresirane strane nisu pružile dokaze da se zaključak o pravnom stanju do kojeg se došlo u uvodnoj izjavi (174) Uredbe o solarnim pločama, odnosno da im kineska vlada daje upute na isti način kao bankama u državnom vlasništvu, više ne primjenjuje.
Article 34 of the banking law states that banks are instructed to ‘carry out their loan business upon the needs of national economy and the social development and with the spirit of state industrial policies’ [15].
Članak 34. zakona o bankama upućuje banke da „svoje poslovanje sa zajmovima provode u skladu s potrebama nacionalnog gospodarstva i društvenog razvoja te u duhu državnih industrijskih politika” [15].
In these circumstances, as set out in recital 188 of the solar panels Regulation, the lending strategy of both SOCBs and privately owned banks is decided by the GOC.
U tim uvjetima, kako je utvrđeno u uvodnoj izjavi (188.) Uredbe o solarnim pločama, kineska vlada odlučuje o strategiji davanja zajmova kako poslovnih banaka u državnom vlasništvu tako i privatnih banaka.
Following disclosure the GOC disputed the conclusion that they entrust or direct private banks in the PRC and disputed in particular the weight that the Commission has given to Article 34 of the banking law, stating that ‘what constitutes the “needs of national economy” is open to interpretation and obviously differs depending on the person/body scrutinising the provision’.
Nakon objave, kineska vlada osporila je zaključak da povjeravaju ili usmjeravaju privatne banke u NRK-u i posebno osporila težinu koju je Komisija pripisala članku 34. Zakona o bankama, navodeći da je „ono što predstavlja ‚potrebe nacionalnoga gospodarstva’ otvoreno tumačenju i očigledno se razlikuje ovisno o osobi/tijelu koje pomno ispituje odredbu”.
It is notable that the GOC, in disagreeing with the Commission’s interpretation, did not present their own interpretation of their own law.
Uočljivo je da kineska vlada, ne slažući se s tumačenjem Komisije, nije predstavila vlastito tumačenje svojeg zakona.
However the Commission need only refer to the findings in previous investigations, and to the facts available in this case, to reassert the conclusion that the needs of the national economy are set out in the Plans and Regulations issued by the PRC and Article 34 requires banks to lend in line with these descriptions of the national economy, which includes encouraging the production of solar glass.
Međutim, Komisija se treba samo pozvati na nalaze u prethodnim ispitnim postupcima i na dostupne činjenice u ovom slučaju kako bi ponovno potvrdila zaključak da su potrebe nacionalnoga gospodarstva utvrđene u planovima i uredbama koje objavljuje NRK, a člankom 34. se od banaka zahtijeva da zajmove daju u skladu s tim opisima nacionalnoga gospodarstva, što uključuje poticanje proizvodnje solarnog stakla.
The finding remains therefore that the GOC entrusts and directs private banks to lend to encouraged industries in line with Article 34 of the Banking Law.
Stoga ostaje nalaz da kineska vlada povjerava privatnim bankama i usmjerava ih na davanje zajmova poticanim industrijama u skladu s člankom 34. Zakona o bankama.
The Commission therefore concludes that in the case of loans provided by SOCBs in the PRC, there is a financial contribution to solar glass producers in the form of a direct transfer of funds by the government as set out in Article 3(1)(a)(i) of the basic Regulation.
Komisija stoga u slučaju zajmova koje daju banke u državnom vlasništvu u NRK-u zaključuje da postoji financijski doprinos proizvođačima solarnog stakla u obliku izravnog prijenosa sredstava vlade u smislu članka 3. stavka 1. točke (a) podtočke i. Osnovne uredbe.
The same evidence also shows that SOCBs (as well as privately owned banks) are entrusted or directed by the government and this consequently means that a financial contribution exists as set out in Article 3(1)(a)(iv) of the basic Regulation.
Isti dokazi pokazuju da su poslovne banke u državnom vlasništvu (kao i privatne banke) povjerene vladi ili da ih ona usmjerava što posljedično znači da postoji financijski doprinos u smislu članka 3. stavka 1. točke (a) podtočke iv. Osnovne uredbe.
With regard to specificity, the Commission notes that the GOC directs preferential lending to a limited number of industries and the solar glass industry, as part of the PV sector, is one of them, as is set out in detail in recital 172 of the solar panels Regulation.
U vezi sa specifičnosti, Komisija primjećuje da kineska vlada usmjerava povlaštene zajmove ograničenom broju industrija, a industrija solarnog stakla, kao dio fotonaponskog sektora, jedna je od njih, kako je detaljno utvrđeno u uvodnoj izjavi (172.) Uredbe o solarnim pločama.
The GOC has included the solar glass industry amongst ‘key’ industries in the 12th Five Year Plan.
U 12. petogodišnjem planu kineska vlada je industriju solarnog stakla uvrstila među „ključne” industrije.
Decision No 40 states that the GOC will actively support the development of new energy industries and expedite the development of solar energy.
U Odluci Državnog vijeća br. 40 upućuje se na to da će kineska vlada aktivno podupirati razvoj industrije nove energije i pospješiti razvoj solarne energije.
All financial institutions are instructed to provide credit support only to encouraged projects, the category in which the solar glass projects belong.
Upućuju se sve financijske institucije da pruže kreditnu podršku samo poticanim projektima, kategorija kojoj pripadaju projekti solarnog stakla.
That decision also promises the implementation of ‘other preferential policies on the encouraged projects’.
Tom se odlukom također obećava provedba „ostalih povlaštenih politika za poticane projekte”.
Following disclosure the GOC disputed the finding of specificity and in particular the Commission’s reading of the 12th Five Year Plan, stating that it ‘has no legal value as it is not a binding document’.
Nakon objave, kineska vlada osporila je nalaz specifičnosti i posebno Komisijino čitanje 12. petogodišnjeg plana, izjavljujući da „nema zakonsku vrijednost jer nije obvezujući dokument”.
The Commission disagrees with this statement, and notes that the GOC made the same claims in previous investigations, which were also not accepted.
Komisija se ne slaže s ovom izjavom i napominje da je kineska vlada iznijela iste tvrdnje u prethodnim ispitnim postupcima, koje također nisu bile prihvaćene.
The 12th Five Year Plan states that it was ‘deliberated and approved by the National People’s Congress, and it has the effect of law.’
U 12. petogodišnjem planu stoji da ga je „donio i odobrio Nacionalni narodni kongres, te da ima učinak zakona”.
The Commission therefore concludes that the subsidies in form of preferential lending are not generally available and are therefore specific in the meaning of Article 4(2)(a) of the basic Regulation.
Stoga Komisija zaključuje da subvencije u obliku povlaštenih zajmova nisu općenito dostupne te da su stoga specifične u smislu članka 4. stavka 2. točke (a) Osnovne uredbe.
A benefit exists to the extent that 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.
Postoji korist do mjere do koje se državni zajmovi ili zajmovi od privatnih tijela povjerenih vladi ili koje ona usmjerava odobravaju pod povoljnijim uvjetima nego što bi ih zajmoprimac mogao stvarno ostvariti na tržištu.
As in previous investigations the Commission attempted to verify the credit risk assessments carried out by the banks that lent money to the sampled companies during the IP.
Kao i u prethodnim ispitnim postupcima, Komisija je nastojala provjeriti procjene kreditnog rizika koje su obavile banke koje su posudile novac društvima u uzorku tijekom RIP-a.
No evidence was provided by the companies as to their credit rating, and the banks did not cooperate with the investigation.
Trgovačka društva nisu pružila dokaze o svojem kreditnom rejtingu, a banke nisu surađivale s ispitnim postupkom.
The Commission was therefore unable to see any evidence that loans to solar glass companies were based on a risk assessment, and the interest rate set as a result of such exercise.
Komisija stoga nije bila u mogućnosti sagledati dokaze da su se zajmovi društvima proizvođačima solarnog stakla temeljili na procjeni rizika te da je kamatna stopa utvrđena kao rezultat tog postupka.
In the absence of any information provided by the GOC, the exporting producers or the banks, the Commission relied on facts available to establish whether preferential lending in the PRC did in fact confer a benefit on the sampled exporting producers who had loans from banks in the PRC.
U nedostatku bilo kakvih informacija od kineske vlade, proizvođača izvoznika ili banaka, Komisija se oslonila na dostupne činjenice za utvrđivanje jesu li povlašteni zajmovi u NRK-u uistinu donijeli korist proizvođačima izvoznicima u uzorku koji su imali zajmove od banaka u NRK-u.
The Commission, as in the solar panels investigation, started with the officially published central bank interest rates from the PBOC for loans in Chinese Renminbi Yuan (CNY).
Kao i u ispitivanju o solarnim pločama, Komisija je započela sa službeno objavljenim kamatnim stopama NBK-a za zajmove u Kineskom yuan renmimbiju („CNY”).
The average interest rate over the investigation period was 6,26 %.
Prosječna kamatna stopa tijekom ispitnog razdoblja bila je 6,26 %.
The Commission then adjusted the interest rate of the PBOC to take account of the credit risk of the companies concerned.
Komisija je zatim prilagodila kamatnu stopu NBK-a kako bi uzela u obzir kreditni rizik dotičnih trgovačkih društava.
However they did not provide any independent credit ratings or similar information that would allow the Commission to calculate a credit rating.
Oni međutim nisu dostavili neovisne kreditne rejtinge ili slične informacije koje bi Komisiji omogućile izračun kreditnog rejtinga.
In any event, the Commission has established in previous investigations that credit ratings of Chinese firms are distorted by government support and that there is no evidence of any meaningful risk assessment of loan recipients.
U svakom slučaju, Komisija je u prethodnim ispitnim postupcima utvrdila da državna potpora narušava kreditne rejtinge kineskih tvrtki i da ne postoje dokazi smislene procjene rizika zajmoprimaca.
The Commission has therefore taken the same methodology as the solar panels investigation and considered all of the companies concerned as having a non-investment grade ‘BB’ rating as defined by the Bloomberg credit rating company.
Komisija je stoga primijenila istu metodologiju kao i u ispitnom postupku o solarnim pločama i razmotrila sva dotična trgovačka društva kao da imaju neulagački stupanj „BB” rejtinga kako ga utvrđuje Bloomberg, kreditno društvo za određivanje rejtinga.
The premium on bonds issued by companies with BB ratings against bonds issued by companies with AAA ratings (which the PRC has on its bonds), as recorded by Bloomberg, was then added to the average lending rate of the PBOC during the IP.
Premija na obveznice koje izdaju društva s BB rejtingom prema obveznicama koje izdaju društva s rejtinzima AAA (koje NRK ima na svojim obveznicama), kako je zabilježio Bloomberg, zatim je dodana prosječnoj stopi davanja zajmova NBK-a tijekom ispitnog razdoblja.
The result was a benchmark interest rate for the IP, for loans to the sampled companies in CNY, of 10,37 %.
Rezultat je bila referentna vrijednost za kamatnu stopu za RIP za zajmove društvima u uzorku u CNY od 10,37 %.
By comparing this benchmark interest rate to the actual interest rate charged during the IP to the companies concerned the Commission concluded that loans are granted to the solar glass industry at below-market terms and conditions.
Usporedbom ove referentne kamatne stope sa stvarnom kamatnom stopom koja je naplaćivana dotičnim trgovačkim društvima za vrijeme ispitnog postupka, Komisija je zaključila da se zajmovi odobravaju industriji solarnog stakla pod uvjetima ispod tržišnih.
Following disclosure the GOC disputed the Commission’s choice of benchmark and the conclusions that the Commission has drawn from the comparison between the benchmark and the actual interest paid.
Nakon objave, kineska vlada osporila je Komisijin odabir referentne vrijednosti i zaključke do kojih je Komisija došla usporedbom između referentne i stvarno plaćene kamate.
The comparison between the benchmark and the actual interest paid clearly shows that the sampled exporting producers that borrowed from Chinese banks, in CNY, paid less than the normal commercial interest rates for companies in their financial position.
Usporedba između referentne i stvarno plaćene kamate jasno pokazuje da su proizvođači izvoznici u uzorku, koji su uzimali zajmove od kineskih banaka, u CNY-u, platili manje od uobičajenih komercijalnih kamatnih stopa za trgovačka društva u njihovom financijskom položaju.
Second, the Commission was indeed aware that the PBOC lifted the floor on lending in July 2013 and mentioned it in the disclosure document.
Kao drugo, Komisija je zaista bila svjesna toga da je NBK podigla najniži iznos na davanje zajmova u srpnju 2013. i spomenula to u dokumentu o objavi.
However this does not change the conclusion that the GOC interferes in the lending behaviour of banks in China, in particular through the application of Decision No 40 and the attached Regulations, and the provisions of Article 34 of the Banking Law.
To međutim ne mijenja zaključak da se kineska vlada upliće u kreditno ponašanje banaka u Kini, posebno kroz primjenu Odluke br. 40 i uredbi u privitku, kao i odredaba članka 34. Zakona o bankama.
Third the Commission only calculated a benchmark for loans made in CNY, as the sampled exporting producers did not have loans in EUR or USD from Chinese banks.
Kao treće, Komisija je samo izračunala referentnu vrijednost za zajmove dane u CNY-u jer proizvođači izvoznici u uzorku nisu imali zajmove od kineskih banaka u eurima ili američkim dolarima.
Finally the GOC requested more information as to why the Commission considered that the sampled exporting producers would be credit rated BB.
Konačno, kineska vlada zatražila je više informacija o tome zašto je Komisija smatrala da bi proizvođači izvoznici u uzorku imali kreditni rejting BB.
The reason that BB credit rating was chosen was because the Commission received no evidence that any credit rating was calculated for any sampled exporting producer because of the lack of cooperation from the banks concerned.
Razlog zbog kojeg je odabran kreditni rejting BB je taj što Komisija nije zaprimila dokaze da je bilo kakav kreditni rejting izračunan za bilo kojeg proizvođača izvoznika u uzorku zbog izostanka suradnje od dotičnih banaka.
The BB credit rating is also not adverse inference, and in fact works in favour of the sampled companies concerned, as it is the best non-investment grade on the financial markets.
Kreditni rejting BB također nije štetan zaključak, te zapravo ide u korist dotičnih trgovačkih društava u uzorku jer je najbolja neulagačka ocjena na financijskim tržištima.
Under the terms of Article 28 the Commission was obliged to use best facts available, which were taken from the conclusions of the solar panels Regulation, which used a BB credit rating for the companies sampled there.
Prema članku 28. Komisija je imala obvezu primijeniti najbolje dostupne činjenice koje su preuzete iz zaključaka Uredbe o solarnim pločama, koja je primijenila kreditni rejting BB za trgovačka društva koja su tamo odabrana u uzorak.
This was considered reasonable in this case and no evidence was received after disclosure that the sampled companies were given a different credit rating by the banks concerned.
To se smatralo razumnim u ovom slučaju, a nikakvi dokazi nisu primljeni nakon objave da su dotične banke trgovačkim društvima u uzorku dodijelile drukčiji kreditni rejting.
On the basis of the findings of the investigation, the Commission concludes that the solar glass industry in China benefited from preferential loans in the IP, both from state-owned banks and from private banks.
Na temelju nalaza ispitnog postupka, Komisija zaključuje da je industrija solarnog stakla u Kini imala koristi od povlaštenih zajmova u RIP-u, kako od banaka u državnom vlasništvu tako i od privatnih banaka.
The financing of the solar glass industry constitutes a subsidy within the meaning of the basic Regulation as there is
Financiranje industrije solarnog stakla predstavlja subvenciju u smislu Osnovne uredbe jer postoji:
a financial contribution by government as set out in Article 3(1)(a)(i);
financijski doprinos države kako je utvrđeno u članku 3. stavku 1. točki (a) podtočki i. i
entrustment and direction by government as set out in Article 3(1)(a)(iv); and
povjerenje i usmjeravanje vlade kako je utvrđeno u članku 3. stavku 1. točki (a) podtočki iv. i
a benefit is thereby conferred as required by Article 3(2).
time je dodijeljena korist kako to zahtijeva članak 3. stavak 2.
Following disclosure the GOC challenged the use of findings from previous investigations to reach conclusions on subsidisation in this case, and in particular alleged that the Commission was over-reliant on the findings of the solar panels Regulation.
Nakon objave, kineska vlada osporila je primjenu nalaza iz prethodnih ispitnih postupaka u svrhu donošenja zaključaka o subvencioniranju u ovom slučaju, a posebno je tvrdila da se Komisija pretjerano oslanjala na nalaze Uredbe o solarnim pločama.
This allegation was rejected.
Ovaj je navod odbačen.
As previously noted, given the lack of cooperation from the banks in the PRC the Commission was forced to use the provisions of Article 28 and best facts available.
Kako je prethodno napomenuto, s obzirom na izostanak suradnje banaka u NRK-u, Komisija je bila prisiljena primijeniti odredbe članka 28. i najbolje dostupne činjenice.