natgillin/translations-raw huggingface dataset:
The GOC also referred to the annual reports of the financial institutions and the corresponding questionnaire replies, which in GOC's view were sufficient for verifying the credit assessment and decision-making processes.
Kineska vlada uputila je i na godišnja izvješća financijskih institucija i odgovarajuće odgovore na upitnik koji su, prema mišljenju kineske vlade, bili dovoljni za provjeru postupaka kreditne procjene i donošenja odluka.
The Commission rejects this comment, as also the descriptive contents of the annual reports and the questionnaire replies needed to be verified by relevant evidence (i.e. for the review investigation period and the PV industry) on-the-spot.
Komisija odbija tu primjedbu jer je i opisni sadržaj godišnjih izvješća i odgovore na upitnik trebalo na licu mjesta provjeriti na temelju relevantnih dokaza (tj. za razdoblje ispitnog postupka revizije i fotonaponsku industriju).
As the Commission also explained during the on-the-spot visit to the GOC and the banks it attempted to verify, the Commission also needed to be able to verify evidence supporting the statement that the credit risk assessment and decision-making processes, as described in the questionnaire replies and the annual reports, were also put into practice in the actual business operations.
Kako je Komisija kineskoj vladi i bankama koje je pokušala provjeriti objasnila i tijekom posjeta na licu mjesta, Komisija je trebala provjeriti i dokaze kojima se potkrepljuje izjava da su se postupci procjene kreditnog rizika i donošenja odluka, kako su opisani u odgovorima na upitnik i godišnjim izvješćima, provodili u praksi u okviru stvarnih poslovnih aktivnosti.
The GOC also addressed the fact that a series of documents could not be provided in view of their confidential nature, the bank secrecy law and relevant contractual clauses.
Kineska vlada obrazložila je i činjenicu da se niz dokumenata nije mogao dostaviti zbog njihove povjerljive prirode, Zakona o bankarskoj tajni i relevantnih ugovornih odredbi.
The GOC indicated that the Commission should recognize that the banks acted to the best of their abilities in view of the existing legal and contractual framework.
Kineska vlada navela je da je Komisija trebala prepoznati da su banke učinile sve što su mogle s obzirom na postojeći pravni i ugovorni okvir.
The GOC also commented that Article 28 of the basic Regulation only allows the Commission to disregard information that is false or misleading and therefore implied that information that is not disregarded and provided to the best of the practical ability of the interested party is justified.
Kineska vlada komentirala je i da na temelju članka 28. Osnovne uredbe Komisija može ne uzeti u obzir samo lažne ili obmanjujuće podatke te se njime podrazumijeva da su podatci koji nisu isključeni i koje je zainteresirana strana dostavila u skladu sa svojim najboljim mogućnostima opravdani.
This argument has been rebutted above at recital 48.
Taj je argument osporen u prethodnoj uvodnoj izjavi 48.
In addition, the Commission notes that Article 29 of the basic Regulation (which mirrors Article 12.4 of the WTO SCM agreement) foresees that ‘any information which is by nature confidential or which is provided on a confidential basis by parties to an investigation shall, if good cause is shown, be treated as such by the authorities’.
Uz to, Komisija napominje da je u članku 29. Osnovne uredbe (u kojem se odražava članak 12. stavak 4. Sporazuma WTO-a o subvencijama i kompenzacijskim mjerama) predviđeno da „sa svim podatcima koji su po svojoj prirodi povjerljivi […] ili koje stranke u ispitnom postupku pružaju na povjerljivoj osnovi, tijela postupaju kao s takvima, ako postoji osnovanost takvog zahtjeva”.
In this context, the Commission considers that the legal framework of this investigation provides for ample guarantees with regard to the treatment of confidential information.
U tom kontekstu Komisija smatra da je u pravnom okviru ovog ispitnog postupka predviđeno dovoljno jamstava u pogledu postupanja s povjerljivim podatcima.
On the basis of the above, the Commission considers that the authorities of the country concerned did not act to the best of their abilities in order to ensure access to information susceptible to support the claims that had been made in its questionnaire reply.
Na temelju prethodno navedenog Komisija smatra da nadležna tijela predmetne zemlje nisu učinila sve što je u njihovoj moći kako bi osigurala pristup podatcima kojima bi se mogle potkrijepiti tvrdnje koje su iznesene u njihovu odgovoru na upitnik.
The assessment of all facts available on the file leads the Commission to the conclusion that MEB has lent to one of the sampled producers, which is representative for the PV industry, in pursuit of public policy goals.
Na temelju ocjene svih raspoloživih podataka u spisu Komisija zaključuje da je MEB odobrio zajmove jednom od proizvođača u uzorku, koji predstavlja fotonaponsku industriju, u skladu s ciljevima javne politike.
This allows drawing the inference that MEB has been vested with government authority and exercised such authority by providing lending in line with the requirements of central planning.
Iz toga se može zaključiti da su MEB-u dodijeljene javne ovlasti i da je te ovlasti izvršavao odobravanjem zajmova u skladu sa zahtjevima središnjeg planiranja.
Thus, it performed government functions.
Stoga je izvršavao javne funkcije.
The Commission therefore concludes that MEB is a public body.
Komisija, stoga, zaključuje da je MEB javno tijelo.
The other Chinese State-owned banks are public bodies
Ostale kineske banke u državnom vlasništvu javna su tijela
Next to these four verified banks, the Commission established that the majority of other banks that lent to the sampled producers were also publicly owned (see recital 106).
Uz te četiri provjerene banke, Komisija je utvrdila da je i većina drugih banaka koje proizvođačima u uzorku odobravaju zajmove u javnom vlasništvu (vidjeti uvodnu izjavu 106.).
Finally, the Commission was informed by at least one of the sampled companies that it had received significant loans from the China Development Bank, which had not been mentioned by the GOC at all.
Konačno, najmanje je jedno od društava u uzorku obavijestilo Komisiju da je primilo znatne zajmove od Kineske razvojne banke koje kineska vlada uopće nije spomenula.
Using publicly available information about this bank, the Commission concluded that it is for more than 50 % State-owned through direct and indirect shareholding as well.
Na temelju javno dostupnih podataka o toj banci Komisija je zaključila da je više od 50 % njezinih dionica u izravnom ili neizravnom vlasništvu države.
For the purpose of this investigation, the Commission hence concluded that the ten banks ICBC, Agricultural Bank, Bank of China, CCB, MEB, China Development Bank, Bank of Communications, China Everbright Bank, Industrial Bank and Shanghai Pudong Development Bank were publicly owned.
Stoga je za potrebe ovog ispitnog postupka Komisija zaključila da je deset banaka, ICBC, Poljoprivredna banka, Banka Kine, CCB, MEB, Kineska razvojna banka, Komunikacijska banka, China Everbright Bank, Industrijska banka i Razvojna banka Shanghai Pudong, u javnom vlasništvu.
ICBC, Agricultural Bank, Bank of China and CCB accounted for [40-50 %] of the loans to the sampled producers in the RIP.
ICBC, Poljoprivredna banka, Banka Kine i CCB odobrili su tijekom RIPR-a [40 % – 50 %] zajmova proizvođačima u uzorku.
The information on the file did not allow establishing the ownership structure of the remaining six banks, for which the GOC had not provided any information.
Na temelju podataka u spisu nije se mogla utvrditi vlasnička struktura preostalih šest banaka za koje kineska vlada nije dostavila nikakve podatke.
Due to the lack of cooperation from the GOC concerning the six banks other than the four banks verified, the Commission had to apply facts available in order to assess whether those six banks are public bodies.
Budući da kineska vlada nije surađivala u pogledu tih drugih šest banaka, koje nisu među četiri provjerene banke, Komisija je morala primijeniti raspoložive podatke kako bi ocijenila jesu li tih šest banaka javna tijela.
First, the Commission established that those banks are publicly owned (see previous recital and recital 106 above).
Prvo, Komisija je utvrdila su te banke u javnom vlasništvu (vidjeti prethodnu uvodnu izjavu i uvodnu izjavu 106.).
The Commission, second, found that the four sampled banks accounted for a substantial part [15-25 %] of the loans that the three sampled companies had obtained during the RIP.
Drugo, Komisija je utvrdila da su četiri banke u uzorku odobrile znatan dio [15 % –25 %] zajmova koje su tri društva u uzorku dobila tijekom RIPR-a.
Therefore, findings for them could be considered representative.
Stoga se nalazi o njima mogu smatrati reprezentativnima.
The Commission, third, observed that the majority of loan contracts of all ten banks, which the Commission had obtained from the three sampled cooperating producers, followed the same or similar patterns, and that the lending rate had been agreed in the majority of cases by all banks was based on PBOC benchmark rate plus mark-up of below market rate.
Treće, Komisija je primijetila da je većina ugovora o zajmu svih deset banaka, koje je Komisija dobila od triju proizvođača u uzorku koji surađuju, sastavljena prema istom ili sličnom modelu i da se stopa na zajam koju su sve banke u većini slučajeva dogovorile temeljila na referentnoj stopi NBK-a uvećanoj za maržu ispod tržišne stope.
The Commission considered therefore that the findings for the four banks for which verifications had taken place constituted the best facts available for assessing the other banks in public ownership, due to those similarities and the representativeness of the four banks that were verified.
Stoga je Komisija smatrala da nalazi za četiri provjerene banke čine najbolje raspoložive podatke za ocjenu drugih banaka u javnom vlasništvu zbog tih sličnosti i reprezentativnosti četiriju banaka koje su provjerene.
On that basis, the Commission concludes that the six banks other than the four banks verified also are public bodies.
Na temelju toga Komisija zaključuje da su i ostalih šest banaka, koje nisu među četiri provjerene banke, javna tijela.
Accordingly, the Commission calculated benefits for those ten publicly owned banks.
U skladu s tim Komisija je izračunala koristi za tih deset banaka u javnom vlasništvu.
Modifications to the legislation applicable to State-owned banks operating in China
Izmjene zakonodavstva koje se primjenjuje na banke u državnom vlasništvu koje posluju u Kini
The GOC claimed that the Commission's finding in the original investigation that Chinese State-owned banks are public bodies was no longer valid as the People's Bank of China (‘PBOC’) no longer sets the floor lending rates so that the GOC no longer intervenes in the financial market.
Kineska vlada tvrdila je da Komisijin nalaz u početnom ispitnom postupku da su kineske banke u državnom vlasništvu javna tijela više nije valjan jer Narodna banka Kine („NBK”) više ne određuje donju granicu stopa na zajmove tako da se kineska vlada više ne upliće u financijsko tržište.
The GOC argued that the PBOC had removed control over interest rates on loans offered by financial institutions on 20 July 2013 by removing the floor of lending rates.
Kineska vlada tvrdila je da je NBK 20. srpnja 2013. prestao kontrolirati kamatne stope na zajmove koji se nude financijskim institucijama ukidanjem donje granice kamatne stope na zajmove.
The PBOC had also decided to remove the deposit interest rate floating ceiling in a notice published on 27 October 2015.
NBK je u obavijesti objavljenoj 27. listopada 2015. odlučio ukinuti i promjenjivu gornju granicu kamatne stope za depozite.
The Commission considers that this claim is ineffective, as the findings set out in the preceding section suffice, taken on their own, to establish that Chinese publicly-owned banks are public bodies.
Komisija smatra da ta tvrdnja nema učinak jer su nalazi utvrđeni u prethodnom odjeljku sami po sebi dovoljni za utvrđivanje da su kineske banke u javnom vlasništvu javna tijela.
In any event, it is first noted that the Commission's finding (made in the original investigation) that Chinese State-owned banks are public bodies was not solely based on the fact that the PBOC sets the lending rates and the deposit interest rate floating ceiling, but resulted from the analysis of a series of elements as described in recitals 158 to 168 of the original Regulation.
U svakom slučaju najprije se napominje da se Komisijin nalaz (donesen u početnom ispitnom postupku) da su kineske banke u državnom vlasništvu javna tijela nije temeljio samo na činjenici da NBK određuje stope na zajmove i promjenjivu gornju granicu kamatnih stopa na depozite, nego da je bio rezultat analize niza elemenata opisanih u uvodnim izjavama 158. do 168. Izvorne uredbe.
For the ease of reference, these elements related to (i) the government intervention linked to government ownership in major banks, (ii) the fact that state owned banks in the PRC hold a very high market share, leaving only very little room to privately owned banks, and are predominant players in the Chinese financial market, (iii) government control by means of ownership, administrative control of the banks' commercial behaviour or even statutory documents, (iv) role of the PBOC in setting limits on the way interest rates are set and fluctuate and (v) legal rules which require banks to reflect national policies/sectorial preferences into their credit policies.
Radi lakšeg snalaženja, ti se elementi odnose na i. uplitanje vlade povezano s državnim vlasništvom u velikim bankama, ii. činjenicu da banke u državnom vlasništvu u NRK-u drže vrlo velik tržišni udjel, ostavljajući time vrlo malo prostora bankama u privatnom vlasništvu, te su vodeći akteri na kineskom financijskom tržištu, iii. državnu kontrolu na temelju vlasništva, administrativne kontrole poslovnog ponašanja banaka ili čak zakonskih dokumenata, iv. ulogu NBK-a u ograničavanju načina određivanja i kretanja kamatnih stopa i v. zakonska pravila kojima se od banaka zahtijeva da u svojim kreditnim politikama poštuju nacionalne politike/sektorske ciljeve.
In the current expiry review, the only change that the GOC referred relates to point (iv).
U trenutačnoj reviziji zbog predstojećeg isteka mjera jedina promjena koju je kineska vlada navela odnosi se na točku iv.
Points (i) to (iii) and (v) have been confirmed in the assessment carried out in the immediately preceding recitals.
Točke i do iii. i v. potvrđene su u ocjeni provedenoj u uvodnim izjavama neposredno prije ove.
Second, the decisions mentioned above at recital 194 allegedly removed the ceiling and floor interest rates.
Drugo, u odlukama navedenima u prethodnoj uvodnoj izjavi 194. navodno su ukinute gornja i donja granica kamatnih stopa.
The wording of the relevant published PBOC decisions however only encouraged –not required– financial institutions to adapt to market-based pricing of lending interest rates.
Međutim, u tekstu relevantnih objavljenih odluka NBK-a financijske institucije samo se potiče, ali se od njih ne zahtijeva, da se prilagode tržišnom određivanju cijena kamatnih stopa na zajmove.
That means Chinese State-owned banks are still allowed to lend at preferential rates, and actually are obliged to do so on the basis of Article 34 of the Banking law, which takes precedence over a mere encouragement in a decision of the PBOC.
To znači da kineske banke u državnom vlasništvu i dalje smiju zajmove odobravati po povlaštenim stopama te su, zapravo, to obvezne činiti na temelju članka 34. Zakona o bankama koji ima prednost pred običnim poticanjem u odluci NBK-a.
Third, while the PBOC published a decision on the removal of the floor rate, it is also noted that Article 38 of the Bank law still provides that ‘Commercial banks shall determine loan interest rate in accordance with the upper and lower limits for loan interest rates prescribed by the People's Bank of China’.
Treće, iako je NBK objavio odluku o ukidanju donje granice stope, napominje se i da se u članku 38. Zakona o bankama i dalje navodi da „poslovne banke utvrđuju kamatnu stopu na zajam u skladu s gornjim i donjim granicama kamatne stope na zajam koje je propisala Narodna banka Kine”.
The Bank law was amended only for other aspects at a later stage.
Zakon o bankama izmijenjen je kasnije samo u pogledu drugih aspekata.
This demonstrates the absence of any change in the legislative framework by which banks need to abide, because the PBOC decisions are only executive regulatory acts.
Time se dokazuje da nije bilo izmjena zakonodavnog okvira koji banke trebaju poštovati jer su odluke NBK-a samo izvršni regulatorni akti.
Furthermore, the PBOC keeps the legal basis so that it could any day reintroduce upper and lower limits.
Nadalje, NBK primjenjuje pravnu osnovu na način da svaki dan može ponovno uvesti višu ili nižu granicu.
Based on the information available in the public domain, it appears that this so-called loan prime rate (‘LPR’) is a one-year lending rate based on the best loan rate quoted by nine selected government supported commercial banks as the reference for the loan market.
Na temelju podataka dostupnih javnosti čini se da je ta takozvana povlaštena stopa na zajam (eng. loan prime rate – LPR) jednogodišnja stopa na zajam koja se temelji na najboljoj stopi na zajam koju je devet odabranih poslovnih banaka s potporom države ponudilo kao referentnu za tržište zajmova.
While the PBOC claimed that the introduction of the LPR will ‘promote interest rate liberalization, improve the benchmark-rate system in the financial markets’, independent analysts concluded at the time of its introduction that the role of the ‘Shanghai Interbank market is not effective enough to influence rates between banks and their clients’ [33].
Iako je NBK tvrdio da će se uvođenjem LPR-a „promicati liberalizacija kamatnih stopa i poboljšati sustav referentne stope na financijskim tržištima”, neovisni su analitičari u vrijeme njezina uvođenja zaključili da uloga „Šangajskog međubankovnog tržišta nije dovoljno učinkovita da bi se njome utjecalo na stope između banaka i njihovih klijenata”.
Indeed, after analysis, it appears that, while the LPR is published each business day after averaging all the quotations of the 9 banks (with the highest and lowest quotations excluded), its level changed only on 6 occasions during the RIP.
Nakon analize čini se da se, iako se LPR objavljuje svakog radnog dana nakon izračuna prosjeka svih ponuda devet banaka (pri čemu se najviša i najniža ponuda isključuju), njegova razina promijenila samo šest puta tijekom RIPR-a.
As a matter of comparison, the daily 1-year EURIBOR interbank rate changed over 185 times over the same period.
Za usporedbu, dnevna jednogodišnja međubankovna stopa EURIBOR tijekom istog razdoblja promijenila se 185 puta.
Furthermore, it is also noted that the LPR appears to be pegged to the benchmark published by the PBOC (‘PBOC benchmark’) [34] as every single change of the PBOC benchmark in 2015 was followed by a change in the LPR the following working day.
Nadalje, napominje se i da se čini kako je LPR vezan za referentnu stopu koju objavljuje NBK („referentna stopa NBK-a”) [34] jer je nakon svake promjene referentne stope NBK-a 2015. sljedećeg radnog dana slijedila promjena LPR-a.
Further, it is also noted that the variations in the level of the PBOC benchmark and the LPR were identical in 2015.
Nadalje, napominje se i da su promjene razine referentne stope NBK-a i LPR-a 2015. bile jednake.
In addition, while the verified banks alleged that the share of short term loans whose interest rate was based on the LPR had increased significantly and were representing a large share of their short term loan portfolio, these allegations could neither be backed by supporting evidence provided by the banks nor confirmed during the verification visits at the premises of the exporting producers.
Uz to, iako su provjerene banke tvrdile da se udjel kratkoročnih zajmova čija se kamatna stopa temeljila na LPR-u znatno povećao i da predstavlja velik udjel njihova portfelja kratkoročnih zajmova, ti se navodi nisu mogli potkrijepiti popratnim dokazima koje su dostavile banke niti potvrditi tijekom provjera na licu mjesta u poslovnim prostorima proizvođača izvoznika.
That does not support the claim that the banks mentioned above would independently set their interest rates or follow a market rate and that the interest rate market has been liberalised.
Time se ne potkrepljuje tvrdnja da će navedene banke neovisno utvrđivati svoje kamatne stope ili slijediti tržišnu stopu i da je tržište kamatnih stopa liberalizirano.
Therefore, it is concluded that in spite of the alleged removal of the floor of lending rates and ceiling of deposit rates, the liberalization of the interest market rate alleged by the GOC has not materialized in practice.
Stoga se zaključuje da se, unatoč navodnom ukidanju donje granice stopa na zajmove i gornje granice stopa na depozite, liberalizacija kamatne stope na tržištu, kako je tvrdila kineska vlada, nije ostvarila u praksi.
The conclusions drawn in the original investigation, i.e. Chinese State-owned banks are public bodies because they possess, are vested with, and exercise governmental authority, remain valid in the RIP and are therefore confirmed.
Zaključci doneseni u početnom ispitnom postupku, tj. da su kineske banke u državnom vlasništvu javna tijela jer su im povjerene, imaju i provode javne ovlasti, vrijede i u RIPR-u te se, stoga, potvrđuju.
Following disclosure, the GOC claimed that the Commission incorrectly put the burden of the proof on the GOC as far as its claims (i) that the financial market had been liberalised, (ii) that the GOC policy with regard to the solar sector had been terminated and (iii) the alleged distortions of the Chinese financial market had disappeared are concerned.
Nakon objave kineska vlada tvrdila je da je Komisija teret dokaza pogrešno stavila na kinesku vladu u pogledu njezinih tvrdnji i. da je financijsko tržište liberalizirano, ii. da je politika kineske vlade u pogledu solarnog sektora prekinuta i iii. da su navodni poremećaji na kineskom financijskom tržištu nestali.
Additionally, the GOC also claimed that the Commission could not rely on a country-wide assessment of ‘public body’ and should have established such finding for each financial entity concerned.
Uz to, kineska vlada tvrdila je i da se Komisija nije mogla osloniti na ocjenu „javnog tijela” na razini zemlje i da je taj nalaz trebala utvrditi za svaki predmetni financijski subjekt.
As demonstrated in recitals 195 to 201, the Commission made a thorough analysis of the evidence at hand including whether the situation established in the original investigation had changed to such extent that its findings would no longer be valid.
Kako je dokazano u uvodnim izjavama 195. do 201., Komisija je detaljno analizirala raspoložive dokaze, uključujući je li se situacija utvrđena u početnom ispitnog postupku toliko promijenila da njezini nalazi više ne bi vrijedili.
Such alleged changes included those raised by the GOC and were all analysed and addressed above.
Te su navodne promjene uključivale promjene koje je istaknula kineska vlada te su sve analizirane i razmotrene u prethodnom dijelu.
The Commission also notes that the new evidence submitted in this proceeding on the financial institutions was rather limited.
Komisija napominje i da su novi dokazi o financijskim institucijama dostavljeni u ovom postupku prilično ograničeni.
It is also noted, that the GOC confirmed during the verification visit that apart from the changes referred to above, no other changes had taken place.
Napominje se i da je kineska vlada tijekom posjeta radi provjere potvrdila da nije bilo drugih promjena, osim onih koje su prethodno navedene.