natgillin/translations-raw huggingface dataset:
This substantial price divergence of primary aluminium compared to the rest of the world, as explained above, is considered to be due to a combination of a series of State-driven factors and significant interference by the State in the domestic market with a number of tools.
Te bistvene razlike v cenah primarnega aluminija v primerjavi s preostalim svetom, kot je bilo pojasnjeno zgoraj, naj bi bile posledica kombinacije več dejavnikov, ki jih spodbuja država, in občutnega vmešavanja države v notranji trg z mnogimi instrumenti.
This State influence resulted in the creation and existence of a rather isolated domestic market for primary aluminium in China insulated from market forces.
Temu vplivu države sta posledično sledila oblikovanje in obstoj dokaj osamljenega notranjega trga za primarni aluminij na Kitajskem, ki je ločen od tržnih sil.
First of all, the SHFE is controlled by the China Securities Regulatory Commission ('CSRC').
Prvič, borzo SHFE nadzoruje Kitajska nadzorna komisija za vrednostne papirje („CSRC“).
SHFE performs its functions in accordance with the Regulation on the Administration of Futures Trading, the Measures for the Administration of Futures Exchanges and its AoA.
Borza SHFE izvaja svojo dejavnost v skladu z uredbo o upravljanju terminskega trgovanja, ukrepi upravljanja terminskega trgovanja in s svojim statutom.
Several of these state-imposed rules governing the functioning of the Exchange contribute to low volatility, distorted prices and price trends at the SHFE: daily price fluctuations are limited to 4 % above or below the settlement price of the previous trading day, trading happens at a low frequency (until the 15th day of each month), futures contracts are limited to a duration of up to 12 months, open interests by traders are limited to a certain amount, price speculation is restricted.
Več teh pravil, ki jih določa država in ki upravljajo Borzo, prispeva k nizki spremenljivosti, odstopanju in gibanju cen na borzi SHFE: dnevno nihanje cen je omejeno s 4 % nad ali pod poravnalno ceno prejšnjega trgovalnega dneva, trgovanje se izvaja manj intenzivno (do 15. dneva v mesecu), terminske pogodbe so omejene na največ 12 mesecev, odprti deleži trgovcev so količinsko omejeni, špekulacije o cenah pa so omejene.
Access to the Exchange is limited by law only to Chinese traders which also need an approval from CSRC to trade on the Exchange.
Dostop do Borze je z zakonom omejen zgolj za kitajske trgovce, ki za trgovanje na Borzi potrebujejo tudi dovoljenje komisije CSRC.
Market representatives of SHFE members can only perform transactions at the request of SHFE members, cannot accept orders from other organizations and cannot trade on their own account.
Tržni predstavniki članov borze SHFE lahko izvajajo zgolj transakcije, ki jih zahtevajo člani borze SHFE, naročil drugih organizacij pa ne smejo sprejemati ali trgovati za svoj račun.
Physical deliveries can only take place in an approved warehouse within the PRC, unlike international exchanges, where delivery can take place worldwide.
Fizične izročitve se lahko izvedejo zgolj v dovoljenih skladiščih v LRK, za razliko od mednarodnih borz, kjer se izročanje lahko izvaja po vsem svetu.
Moreover, as they are a platform for physical exchanges only (no derivatives are sold) this completely insulates the Chinese aluminium markets.
Poleg tega je kitajski trg aluminija povsem osamljen, saj gre za področje zgolj fizičnih menjav (derivatov ne prodajajo).
As a consequence, arbitrage with the LME or other markets is practically not possible and the Exchange works in isolation from world markets.
Posledično arbitraža z borzo LME ali drugimi trgi praktično ni mogoča, Borza pa deluje ločeno od svetovnega trga.
Thus an equalization among these markets cannot take place.
Tako med temi trgi ne more priti do izenačenja.
Second, the State interferes in the price setting mechanism in the SHFE given its position both as a seller of primary aluminium and as a purchaser via the State Reserve Bureau and other State Bodies.
Drugič, država se vmešava v mehanizme za določanje cen na borzi SHFE, saj je prek Urada za državne rezerve in drugih državnih organov v vlogi prodajalca primarnega aluminija in kupca.
For example, the Chinese Government enacted a stimulus package aiming at limiting the effects of the economic crisis at the end of 2008 and this package included a scheme for the State Reserves Bureau to buy aluminium from smelters in order to support their operations by artificially increasing domestic demand as the global financial / economic crisis reduced global demand.
Kitajska vlada je, na primer, sprejela sveženj spodbud za omejitev učinkov gospodarske krize konec leta 2008, ta paket pa je vključeval shemo, ki je Uradu za državne rezerve predpisovala nakup aluminija iz talilnic, da bi podprla njegove ukrepe z umetnim zvišanjem povpraševanja na domačem trgu, ker je svetovna finančna/gospodarska kriza zmanjšala svetovno povpraševanje.
The Chinese State described its policy of interference in the aluminium sector in its 12th 5-Year Development Plan for Aluminium (2011-15).
Kitajska je opisala svojo politiko vmešavanja v sektor aluminija v svojem 12. petletnem razvojnem načrtu za aluminij (2011–15).
The plan states "adjusting tax and export tax rebates and other economic levers, and strictly control the total amount of expansion and exports of primary products".
Načrt navaja „prilagajanje davka in olajšav pri izvoznem davku ter ostale ekonomske vzvode, strog nadzor nad celotno količino širjenja in izvoza primarnih izdelkov“.
In practice this means that a combination of specific tax schemes is geared to promote the aluminium industry.
V praksi to pomeni, da se kot orodje za spodbujanje industrije aluminija vključuje kombinacija posebnih davčnih shem.
These tools discourage the exports of primary aluminium from the PRC whilst encouraging the imports and the manufacture of downstream products (such as the product concerned) incorporating aluminium for both the domestic and export markets.
Ti instrumenti zmanjšujejo interes za izvoz primarnega aluminija iz LRK, medtem ko spodbujajo uvoz in proizvodnjo izdelkov s konca proizvodne verige (kot je zadevni izdelek), ki vsebujejo aluminij, za domači in izvozni trg.
This plan continues the policy which has existed for many years in previous Plans.
S tem načrtom se nadaljuje politika, ki obstaja mnogo let, že iz prejšnjih načrtov.
Furthermore these plans have been implemented over many years and during the IP several implementing measures were in operation and are described below.
Poleg tega se ti načrti izvajajo več let, pri čemer se je v času OP izvajalo več ukrepov, ki so opisani spodaj.
These schemes are:
Te sheme so:
an export duty of 17 % on primary aluminium and aluminium scrap (compared with a 0 % duty on aluminium foil in small rolls);
izvozna dajatev 17 % na primarni aluminij in aluminijaste ostanke (v primerjavi z 0-odstotno dajatvijo na aluminijasto folijo v malih zvitkih);
a VAT rebate of 0 % on primary aluminium (compared with the 15 % rebate on aluminium foil since June 2009);
dstotni rabat DDV na primarni aluminij (v primerjavi s 15-odstotnim rabatom na aluminijasto folijo od junija 2009);
elimination of the 5 % import duty on metal.
odprava 5 % uvoznih dajatev na kovine.
Thus the combination of these measures is used by the State to restrict exports of primary aluminium, which in turn results in an increased domestic supply and leads to a reduction of its price on the domestic market.
Tako država uporablja kombinacijo teh ukrepov za omejitev izvoza primarnega aluminija, kar pa povzroča povečano domačo proizvodnjo in nižanje njegove cene na domačem trgu.
The large majority of the Chinese aluminium smelters are state-owned.
Velika večina kitajskih talilnic aluminija je v državni lasti.
The various industrial plans that clearly influence aluminium production capacity and output, currently in particular the 12th 5 -year plan (2011-2015) for the Aluminium Industry encourages the strategic development of "aluminium deep processing products and to promote aluminium fabrication industry to further extend industrial chain".
Več industrijskih načrtov, ki jasno vplivajo na proizvodno zmogljivost in količino proizvedenega aluminija, zlasti sedanji 12. petletni načrt za industrijo aluminija (2011–2015) spodbuja strateški razvoj „aluminijastih izdelkov globoke obdelave in spodbuja proizvodnjo aluminija za povečanje industrijske verige“.
The measures taken by the Chinese State as described above were consequently considered as evidence of underlying State interference in decisions of firms regarding acquisition of raw materials and their production costs.
Zgoraj navedeni ukrepi Kitajske posledično štejejo kot dokaz za temeljno državno vmešavanje v odločitve podjetij v zvezi s pridobivanjem surovin in njihovimi proizvodnimi stroški.
Indeed, the current Chinese system of high export duties and lack of VAT reimbursement for export of primary aluminium, combined with no export taxes and partial VAT reimbursement on exports of the downstream aluminium products such as the product concerned, and State interference in the setting of prices in the SHFE, has essentially lead to a situation where Chinese primary aluminium prices and the prices of downstream aluminium products (also used as raw material in the production of other aluminium products) are the result of State intervention independent from price fluctuations on international markets.
Sedanji kitajski sistem visokih izvoznih dajatev in pomanjkanja vračila DDV pri izvozu primarnega aluminija skupaj z odsotnostjo izvoznih davkov in delnega vračila DDV pri izvozu aluminijastih izdelkov s konca proizvodne verige, kot je zadevni izdelek, in državno vmešavanje pri določanju cen na borzi SHFE so privedli predvsem do položaja, v katerem so cene kitajskega primarnega aluminija in cene aluminijastih izdelkov s konca proizvodne verige (ki se uporabljajo tudi kot surovina pri proizvodnji drugih aluminijastih izdelkov) rezultat državnega posredovanja, ki je neodvisno od nihanja cen na mednarodnih trgih.
This has a direct influence on company decisions when acquiring downstream aluminium raw materials.
To neposredno vpliva na odločitve družb pri pridobivanju aluminijastih surovin s konca proizvodne verige.
Prices of aluminium have always been distorted and, except for a very limited period of time when as mentioned above other State distortive priorities appear to have been in play, this has provided an unfair advantage to Chinese producers of aluminium foil.
Cene aluminija so bile od nekdaj izkrivljene, razen v zelo omejenem časovnem obdobju, kot je bilo omenjeno zgoraj, ko so očitno delovale druge državne prednostne naloge izkrivljanja, kar pa je omogočilo nepravično prednost za kitajske proizvajalce aluminijaste folije.
Bearing in mind that primary aluminium accounts for ca. 60 % of cost of production of aluminium foil in small rolls this difference is translated into an unfair significant cost advantage for Chinese producers, which for a commodity type product like aluminium foil in small rolls is decisive.
Ob upoštevanju, da primarni aluminij znaša približno 60 % proizvodnih stroškov aluminijaste folije v malih zvitkih, se ta razlika odraža v nepravični in občutni stroškovni prednosti za kitajske proizvajalce, ki je odločilna za izdelek, podoben splošnemu blagu, kot je aluminijasta folija v malih zvitkih.
CeDo Shanghai disputed the findings of the Commission after they were disclosed to them.
V družbi CeDo Shanghai so po razkritju izpodbijali ugotovitve Komisije.
First, it claimed that some of the Commission's findings are erroneous and inconsistent which negatively affects the overall finding concerning business decisions of firms in the PRC.
Prvič, trdili so, da so nekatere ugotovitve Komisije napačne in neskladne, kar negativno vpliva na splošne ugotovitve o poslovnih odločitvah podjetij v LRK.
Specifically it stated that access to the SHFE is not limited to Chinese nationals as it is possible to open accounts with brokers who have the authorization to trade on the SHFE.
Posebej so navedli, da dostop do borze SHFE ni omejen na kitajske državljane, saj lahko odprejo račun borzni posredniki, ki imajo dovoljenje za trgovanje na borzi SHFE.
Overall, the company did not dispute the fact that controlled actions on the side of Chinese State exist, but in its view the purpose of these actions is not to distort prices and secure a low volatility on the market, but rather to prevent speculation and potential mistakes while carrying out transactions.
Na splošno v družbi niso oporekali dejstvu, da nadzorovani ukrepi Kitajske obstajajo, vendar po njihovem mnenju namen teh ukrepov ni izkrivljanje cen in zagotavljanje majhne spremenljivosti cen na trgu, temveč preprečevanje špekulacij in morebitnih napak pri izvedbi transakcij.
Secondly, the company claimed that there were rather limited price variations and gaps between the SHFE and LME in the IP, including a period where prices in the PRC were even higher than elsewhere.
Drugič, v družbi so trdili, da so bila odstopanja v ceni in vrzeli med borzama SHFE in LME v OP majhne, vključno v obdobju, ko so bile cene v LRK celo višje kot drugje.
Consequently the cost advantage of the Chinese producers that would exist through depressed prices is minimal, if existing at all.
Posledično je stroškovna prednost kitajskih proizvajalcev, ki naj bi obstajala zaradi znižanja cen, minimalna, če sploh obstaja.
It further explains the reversing price trends at the end of the IP were due to the fact that the Chinese economy was still expanding at the end of 2011 and were not the result of distortions induced by the State.
Nadalje razlagajo, da je do obratnega gibanja cen ob koncu OP prišlo, ker je bilo kitajsko gospodarstvo leta 2011 še vedno v rasti, zato ni bilo posledica izkrivljanja, ki naj bi ga povzročila država.
Finally it claimed that the above-mentioned mechanisms or procedures do not have material impact on the company’s decisions with respect to its costs and pricing policies.
Kot zadnje so trdili, da navedeni mehanizmi ali postopki nimajo znatnega učinka na odločitve družbe o stroškovni politiki in politiki oblikovanja cen.
The company's statements do not contradict the Commission's finding that only Chinese traders are allowed to trade on this Exchange.
Navedbe družbe niso v nasprotju z ugotovitvami Komisije, da lahko na tej Borzi trgujejo zgolj kitajski borzni posredniki.
As to the purpose and objective of the State's actions the company's statements are speculative and no evidence has been provided at this stage.
Navedbe družbe v zvezi z namenom in s ciljem državnih ukrepov pa so vprašljive in v tej fazi dodatni dokazi niso bili predloženi.
Further, it is irrelevant why these regulations and limitations were put in place What is at issue is their overall effect of creating an isolated domestic market for aluminium where price trends do not follow price trends on world markets.
Nepomembno je namreč, zakaj so bile te uredbe in omejitve uveljavljene. Vprašanje je, ali je njihov skupni učinek ustvaril ločeni domači trg aluminija, na katerem gibanje cen ni sledilo tistemu na svetovnih trgih.
In this respect it is also noted that upon disclosure, the Chinese authorities did not comment on this point.
V zvezi s tem je treba omeniti tudi, da kitajske oblasti ob razkritju tega niso komentirale.
As concluded above in recital (43), the distortion on the Chinese aluminium market (minus 9 % price difference in the IP) is significant enough to result in an unfair significant cost advantage to Chinese producers of a commodity type of product such as the product concerned.
Kot je sklenjeno v uvodni izjavi (43), je izkrivljanje na kitajskem trgu aluminija (zmanjšano za 9 % razlike v ceni v OP) dovolj veliko, da povzroča nepravično občutno stroškovno prednost za kitajske proizvajalce izdelkov, podobnih splošnemu blagu, kot je zadevni izdelek.
This cost advantage cannot be explained by any comparative advantage of the Chinese aluminium producers.
Te stroškovne prednosti ni mogoče razložiti z nobeno primerljivo prednostjo kitajskih proizvajalcev aluminija.
Finally, all cooperating companies purchased their raw material on the Chinese domestic market on the basis of contracts that are indexed to local aluminium price indices.
Kot zadnje so vse sodelujoče družbe kupile surovino na kitajskem domačem trgu na osnovi pogodb, ki so indeksirane z lokalnimi cenovnimi kazalci za aluminij.
Thus individual companies' decisions are clearly influenced by the State's actions creating a distorted market for aluminium.
Na odločitve posameznih družb torej jasno vplivajo državni ukrepi, ki ustvarjajo izkrivljeni trg aluminija.
Blue Diamond explained that SMM prices are not State-ruled prices and SMM is similar to LME as they are public information sources.
V družbi Blue Diamond so pojasnili, da o cenah na borzi SMM ne odloča država ter da sta si borzi SMM in LME podobni, saj sta obe vir javnih informacij.
The Commission did not find that prices were directly set by the State thus this comment is irrelevant.
Komisija ni menila, da bi cene neposredno določala država, zato je ta pripomba nepomembna.
Secondly, the fact that prices are publicly available does not ensure automatically that they are the result of market forces.
Drugič, javna dostopnost cen ne zagotavlja samodejno, da so rezultat tržnih sil.
Company-specific conclusions concerning Criterion 2 to 5
Sklepi za posamezne družbe glede na merila 2 do 5
The Commission found that CeDo Shanghai did not fulfil Criterion 3 as its repayment of a loan in foreign currency was subject to the approval of the Foreign Exchange Administration which is considered to have a distortive effect on decisions of the company on borrowing and thus its financial situation.
Komisija je mnenja, da družba CeDo Shanghai ni izpolnila merila 3, saj je bilo njeno izplačilo posojila v tuji valuti odvisno od odobritve uprave za tuje borze, ki naj bi izkrivljeno vplivala na odločitve družbe pri izposojanju in torej tudi na finančne razmere.
CeDo Shanghai disputed the Commission's findings concerning Criterion 3.
V družbi CeDo Shanghai so izpodbijali ugotovitve Komisije v zvezi z merilom 3.
It claimed that the registration with the Foreign Exchange Administration is a country-wide practice which applies to any company which repays borrowings from abroad and it is merely good governance by the Chinese financial authorities to ensure that improper transactions are not used to channel finances out of China.
Trdili so, da je registracija pri upravi za tuje borze praksa na ravni države in velja za vse družbe, ki vrnejo najeta posojila iz tujine, ter da gre zgolj za dobro vodenje kitajskih finančnih organov, ki zagotavljajo, da ne bi prišlo do neustreznih transakcij izven Kitajske.
The company further claimed that neither its production costs nor its overall financial situation in any way depend on this approval.
V družbi so nadalje trdili, da njihovi proizvodni stroški in celotne finančne razmere niso v nobenem primeru odvisni od te odobritve.
Thus CeDo claimed that the Commission's definition of Criterion 3 in this regards is deficient.
Tako so v družbi CeDo trdili, da je opredelitev merila 3 s strani Komisije v tem pogledu pomanjkljiv.
Financing decisions clearly are one of the most important decisions for firms.
Odločitve o financiranju so seveda med najpomembnejšimi odločitvami podjetij.
The Regulation of external debt provided by CeDO clearly puts in place an approval procedure for borrowings originating from outside of China.
Uredba o zunanjem dolgu, ki ga je predložila družba CeDo, jasno določa postopek odobritve za posojila izven Kitajske.
Thus decisions of firms to take financing from abroad are subject to approval of the State which creates a distortion in their financial situation.
Tako mora odločitve podjetij, ki se financirajo iz tujine, odobriti država, ki povzroči izkrivljanje njihovih finančnih razmer.
The company’s claims thus were rejected.
Zato so bile trditve družbe zavrnjene.
Blue Diamond did not meet Criterion 1 for the further reason that it benefits from an extended income tax exemption.
Družba Blue Diamond ni izpolnila merila 1, saj uporablja večje oprostitve davka od dohodka.
It also failed Criterion 2 as it does not have one clear set of basic accounting records audited in line with international accounting standards and which would be applied for all purposes.
Izpolnila ni niti merila 2, saj nima jasne zbirke računovodskih evidenc, ki bi jo pregledali v skladu z mednarodnimi računovodskimi standardi in bi se uporabljala v vse namene.
Finally the company could not demonstrate that it meets Criterion 3 as it uses industrial premises for free, which distorts its costs and financial situation.
Kot zadnje družba ni mogla prikazati, da izpolnjuje merilo 3, ob dejstvu, da brezplačno uporablja industrijske prostore, kar izkrivlja njene stroške in finančne razmere.
The company disputed some of these findings.
V družbi so nekaj izmed teh ugotovitev izpodbijali.
It claimed that the tax exemption has no effect on its export prices, the latter being the focus of anti-dumping investigations.
Trdili so, da oprostitev davka ne vpliva na izvozne cene, na katere se osredotočajo protidampinške preiskave.
It also claimed that it has followed Chinese VAT-rules in its accounting and explained that differing sales and accounting records were the result of contractual conditions and were not a regular practice followed by the company.
Trdili so tudi, da je družba pri računovodskih izkazih upoštevala kitajska pravila o DDV, in pojasnili, da so razlike v evidencah prodaje in računovodskih evidencah posledica pogodbenih pogojev ter da niso običajna praksa družbe.
The company further confirmed that it uses a considerable industrial area for free on the basis of an agreement.
V družbi so nadalje potrdili, da na osnovi dogovora brezplačno uporabljajo večje industrijsko območje.
The comments concerning double invoicing contradicted the explanation and evidence provided during the on-spot investigation.
Pripombe v zvezi z dvojnim zaračunavanjem so bile v nasprotju z razlago in dokazi, ki so bili predloženi med preiskavo na mestu samem.
No further evidence was provided concerning double invoicing and how the company's depreciation practice was in line with Chinese VAT rules as claimed by the company.
Nadaljnjih dokazov v zvezi z dvojnim zaračunavanjem in, kot je trdila družba, s skladnostjo načina amortiziranja s pravili kitajskega DDV ni bilo.
Finally, the company confirmed the findings concerning tax exemptions and free use of industrial estate.
Kot zadnje je družba potrdila ugotovitve v zvezi z oprostitvijo davka in brezplačno uporabo industrijskega zemljišča.
It is noted in this regard that the Criteria used for the assessment of MET claims are not all strictly export price-relevant criteria but they are there to determine whether market economy conditions prevail for the producer in respect of the manufacture and sale of the like product concerned.
V zvezi s tem je treba poudariti, da vsa merila za ocenjevanje zahtevkov TGO niso strogo povezana z izvozno ceno, temveč je njihova vloga določiti, ali so pogoji za tržno gospodarstvo za proizvajalca pomembnejši glede na proizvodnjo in prodajo zadevnega podobnega izdelka.
Furthermore, since the company neither claimed individual examination, nor was it selected to be part of the sample, no information about its export prices was requested.
Poleg tega ni bilo izvedeno povpraševanje o cenah izvoza, saj družba ni zahtevala individualne preiskave in ni bila izbrana v vzorec.
Pursuant to Article 2(7)(a) of the basic Regulation, a country-wide duty, if any, is established for countries falling under that Article, except in those cases where companies are able to demonstrate that they meet all criteria set out in Article 9(5) of the basic Regulation.
V skladu s členom 2(7)(a) osnovne uredbe se za države, ki spadajo pod navedeni člen, uvede, če je to potrebno, dajatev na ravni države, razen v primerih, ko družbe dokažejo, da izpolnjujejo vsa merila iz člena 9(5) osnovne uredbe.
Briefly, and for ease of reference only, these criteria are set out below:
Ta merila so zgolj zaradi lažjega sklicevanja na kratko povzeta spodaj:
All sampled companies and Blue Diamond requested IT.
Vse vzorčene družbe in družba Blue Diamond so zahtevale IO.