natgillin/translations-raw huggingface dataset:
In the absence of other significant changes raised by the GOC, the Commission relied on the conclusions drawn in the original investigation, which were confirmed by fresh evidence for the RIP, and on new elements such as the existence of a new lending rate (LPR) to draw its conclusion in this regard.
Kar zadeva Sklep št. 40 in kakor je navedeno v uvodni izjavi 102 prvotne preiskave, je najprej treba pripomniti, da zadevni sklep navaja, da bo kitajska vlada dejavno podpirala razvoj nove energetske industrije in pospešila razvoj sončne energije, naroča vsem finančnim institucijam, naj zagotovijo kreditno podporo samo za spodbujane projekte (kategorija, v katero spadajo fotonapetostni projekti), ter obeta izvajanje „drugih politik ugodnosti za spodbujane projekte“.
As far as the alleged misinterpretation of the abolition is concerned, the Commission fails to see how the fact that a floor lending rate is abolished could prevent banks from providing preferential lending if the floor lending rate was in any case down to 30 % below the benchmark rate.
Na podlagi zgoraj navedenega in zlasti dejstva, da je bankam naročeno, naj zagotavljajo kreditno podporo za fotonapetostno industrijo, se šteje, da Sklep št. 40 dokazuje, da banke izvajajo vladno pooblastilo.
As far as the absence of requirement for banks to offer market-based lending interest rates, the Commission fails to see how forcing banks to operate according to free market principles can be considered as imposing specific policies on banks.
Kar zadeva člen 17 zadevnega sklepa in dejstvo, da je treba spoštovati kreditna načela, Komisija takega pogoja ne šteje za nezdružljivega z dejstvom, da banke izvajajo vladno pooblastilo.
Such practices do not stem from a specific policy but rather from creating a financial framework where market-based principles apply.
Kar zadeva trditev, da Sklep št. 40 zajema celotno kitajsko gospodarstvo, Komisija ugotavlja, da se zadevni sklep nanaša na glavni katalog industrijskega prestrukturiranja, v katerem se razlikuje med tremi vrstami industrijskih panog; tj. „spodbujane, omejene in izključene projekte“.
As far as Article 38 of the Bank law is concerned and as indicated by the GOC in its questionnaire reply, the Commission understands that all financial entities in the PRC shall strictly follow the Bank law and fails to see how any alleged permissiveness can be compatible with such legal principle.
Poleg tega je v zadevnem sklepu opredeljena tudi „spodbujana vsebina“.
In any case, the fact that the floor lending rate would be abolished is not incompatible with the fact that PV companies would benefit preferential lending.
Kar zadeva sklicevanje na „11. petletni načrt“, je treba opozoriti, da je bil tak načrt nadomeščen z 12. in 13. petletnim načrtom.
As far as the theory of correlation between the PBOC rates and the LPR is concerned, the Commission notes that the presented statistics were not supported by underlying calculations and that they can therefore not be taken into account.
Opozoriti je treba tudi, da Sklep št. 40 ni bil razveljavljen in je torej še vedno veljaven.
Should such statistics be accurate, the Commission fails to see the relevance of such statistics to demonstrate that the correlation analysis between the PBOC and the LPR is (allegedly) erroneous.
Nič v kitajski zakonodaji ne kaže, da bi bila razlaga sklicevanja 11. petletni načrt kot dinamičnega neustrezna.
As for loans denominated in USD or EUR, the Commission considers that the alleged absence of benchmark or limits does not imply that such loans cannot be granted at preferential rates.
Mogoče so tudi naslednje ugotovitve.
Additionally, the GOC also claimed that the Commission's analysis and conclusion that Chinese State-owned banks are public bodies lacked the most basic legal standards and also referred to the relevant legal and evidentiary standards as stipulated in the AB ruling in US — Carbon Steel India and should go further than a determination of government ownership and meaningful control over an entity by a government; i.e. the determination should include an analysis of the ‘core characteristics and functions of the relevant entity, its relationship with the government, and the legal and economic environment prevailing in the country in which the investigated entity operates’.
V prvotni preiskavi [35] je bilo ugotovljeno, da se je kitajski finančni trg izkrivljal na različne načine; državno lastništvo skupaj z izkrivljanjem kitajskega finančnega trga in kitajsko vladno politiko, ki narekuje ugodna posojila za izbrane industrije (in tako spodkopava enake konkurenčne pogoje v mednarodni trgovini in kitajskim proizvajalcem daje nepravično prednost), omejitve v zvezi z določanjem obrestnih mer, dostop do ugodnih posojil, posojilna politika, skladna s potrebami nacionalnega gospodarstva, preferenčni dostop do posojil za spodbujane projekte in/ali visokotehnološke industrije in industrije z novo tehnologijo, dostop do poceni državnih deviznih rezerv ter privilegirana finančna sredstva za Kitajsko razvojno banko (VDB).
The GOC also referred to the findings on government interference on account of PBOC influencing lending rates and policies and the reliance upon Article 38 of the Bank law.
Kitajska vlada razen domnevne prenove obrestnih mer, ki je obravnavana v uvodnih izjavah 197 do 201, med to preiskavo ni predložila nobenih dokazov, da so se razmere spremenile.
Eventually it referred to the incorrectness and inadequacy of the Commission's determination in the original investigation as noted in recitals 163 to 167 of the original Regulation.
Preiskava prav tako ni razkrila nobenih elementov, ki bi izpodbijali zgornje ugotovitve.
In this regard, the Commission refined its analysis on this issue.
Sklepi iz prvotne preiskave veljajo tudi v OPP in so zato potrjeni.
In recitals 100 to 106 the Commission sets out in greater detail the facts on which it came to the conclusion of public ownership of most of the banks which have provided loans to the sampled companies.
Te ugotovitve jasno kažejo, da se finančni sektor spodbuja, naj prispeva k strategijami, ki jih oblikujejo vladni organi.
As far as the legal and economic environment is concerned, the Commission hereby refers to conclusions drawn above at recital 139 on the basis of Article 34 of the Banking law.
Vprašanje vmešavanja kitajske vlade za vplivanje na obrestne mere je bilo obravnavano že v uvodnih izjavah 197, 198, 206 in 207.
The fact that banks exercise government authority is also confirmed by way of Articles 7 and 15 of the General Rules on Loans (implemented by the PBOC), which regulate Self-made loans, commissioned loans and special-purpose loans (Article 7) and Interest subsidization on loans (Article 15) and Decision 40.
Kar zadeva ugotovitve iz prvotne preiskave, je treba opozoriti, da so bile pripombe kitajske vlade v okviru prvotne preiskave analizirane in upoštevane v prvotni uredbi, sklepne ugotovitve prvotne preiskave pa niso bile izpodbijane na sodišču.
There is also a great deal of evidence, supported by independent studies and reports, that a large amount of government intervention is still present in the Chinese financial system as already explained in recitals 172 and 178 of the original Regulation.
Poleg tega kitajska vlada ni predložila nobenega dokaza, ki bi lahko izpodbil ugotovitve iz prvotne preiskave, preiskava pa prav tako ni odkrila nobenih elementov take narave.
Following disclosure, the GOC indicated that special loans referred to in Article 7 of the General Rules on Loans mentioned above were eliminated in 1999 based on a Circular on Improving the Administration of Special Loans (YINFA [1999] No. 228) and that Article 15 had become irrelevant as the PBOC no longer sets the upper and lower limits of loans.
V tem okviru Komisija ne vidi razloga, da te ugotovitve ne bi mogle biti osnova, na katero se je Komisija opirala pri pripravi svojih sklepnih ugotovitev v sedanji preiskavi.
The GOC also alleged that the Commission had misinterpreted Article 34 of the Bank law which allegedly bears no relation to the national policies, encouraged industries, strategic industries, emerging industries to address preferred industries and sectors.
Poleg tega in kakor je bilo ugotovljeno v prvotni preiskavi [36] bi se, tudi če se ne bi štelo, da so državne banke javni organi, vseeno štelo, da jim kitajska vlada zaupa naloge ali jim ukazuje opravljanje funkcij, ki so običajno v pristojnosti vlade, v smislu člena 3(1)(a)(iv) osnovne uredbe.
It also referred to Articles 4, 5, 7 and 35 of the Bank law relating allegedly to the bank's autonomy, the lack of interference by entities or individuals, governments and the examination of the credibility of the borrowers.
Zasebne banke
The GOC further commented that Article 34 should not be read in isolation.
Ker je bil delež posojil zasebnih bank v LRK trem vzorčenim proizvajalcem izvoznikom zanemarljiv in nobena od zasebnih bank v LRK ni predložila izpolnjenega vprašalnika, v zvezi s tem ni bilo dodatnih ugotovitev.
Eventually, the GOC also indicated that the Commission did not explain how Decision 40 demonstrates that banks exercise government authority and referred to the preamble and to Article 17 of such Decision.
Komisija se je zato odločila, da majhne koristi, ki izhajajo iz teh posojil, pri izračunu subvencije izloči.
It also added that this Decision basically covers the whole Chinese economy and pertained to the 11th Five-Year period.
Zato Komisiji ni bilo treba obravnavati pripomb kitajske vlade v zvezi s tem.
The Commission acknowledges that special loans were eliminated in 1999.
Specifičnost
This does not reverse the conclusions drawn, partially on the basis of the other facts available.
V sedanji preiskavi nobeni dokazi v spisu ne morejo spremeniti ugotovitev Komisije v prvotni preiskavi [37], v kateri je bilo sklenjeno, da se omejenemu številu industrij, ki veljajo za ključne in med katerimi je tudi fotonapetostna industrija, po ukazu kitajske vlade namenjajo preferenčna posojila.
As for Article 15 of the General Rules on Loans, the Commission disagrees with the GOC's view.
Nasprotno, v preiskavi so bili razkriti dodatni elementi, ki potrjujejo prvotno ugotovitev.
That Article says: ‘In accordance with the State's policy, relevant departments may subsidize interests on loans, with a view to promoting the growth of certain industries and economic development in some areas.’
Na podlagi navedenega je bilo ugotovljeno, da organi finančnim institucijam dovolijo zagotavljati preferenčna posojila samo omejenemu številu industrij/družb, ki delujejo v skladu z ustreznimi politikami kitajske vlade.
It remains relevant even after the end of floor and ceiling rates.
Poleg tega nobena zainteresirana stran ni mogla predložiti dokazov, da so banke ustrezno ocenjevale kreditno sposobnost fotonapetostne industrije.
In any event, Article 38 of the Bank law still refers to limits and may at any point in time be re-activated, as explained in recital 199.
Po razkritju se je kitajska vlada sklicevala na dejstvo, da fotonapetostna industrija domnevno ni navedena v 13. petletnem načrtu iz uvodne izjave 83 in da je Komisija domnevno napačno razlagala Sklep št. 40.
As far as the Bank law is concerned, it should first be noted that Articles 4, 5 and 7 belong to ‘Chapter I General provisions’ while Articles 34 and 35 belong to ‘Chapter IV Basic Rules for Loans and Other Business Operations’.
Poleg tega je navedla, da je vloga enega kitajskega izvoznika pri Komisiji za vrednostne papirje in borzo Združenih držav Amerike ne more služiti kot dokaz o vladni politiki.
As far as Article 4 is concerned, the Commission does not consider that a provision for banks to carry out ‘business free from any interference by entities or individuals’ is incompatible with the fact that State-owned banks are public bodies or, in the alternative, are entrusted and directed to exercise government authority.
Najprej je treba opozoriti, da so bile trditve v zvezi z 13. petletnim načrtom in Sklepom št. 40 obravnavane v uvodnih izjavah 87 in 89.
Indeed, the Commission verified the business operations and decision-making processes for financial services at four State-owned banks.
Kar zadeva vlogo pri Komisiji za vrednostne papirje in borzo Združenih držav Amerike, ta dopolnjuje že zbrane dokaze in potrjuje obstoj posebne vladne politike v podporo fotonapetostni industriji.
As no relevant information could be obtained for other banks, the findings for those banks have to be extended, on the basis of facts available, to all other State-owned banks.
Kitajska vlada je navedla tudi pripombe, ki jih je navedla v zvezi z uvodno izjavo 172 prvotne uredbe in so bile obravnavane že v prvotni uredbi.
Furthermore, as essential information requested by the Commission from those four banks was not provided, in particular details on credit risk assessment, the Commission had to apply facts available also when making findings based on the questionnaire replies and the verification visits at those four banks.
Nadalje je navedla, da se na podlagi poročila PO v zadevi ZDA – zrakoplov (druga pritožba) analiza specifičnosti ne bi smela osredotočati le na „posamezne prejemnike, navedene v pritožbi, ampak … tudi na vsa podjetja ali industrije, ki so upravičeni do iste subvencije“ [39], in da mora biti glede na poročilo odbora v zadevi ZDA – zrakoplov [40] subvencija, da bi bila specifična, zagotovljena dovolj omejeni „skupini“ podjetij ali industrij in da to zahteva več kot le dokaz, da do subvencije niso bila upravičeni prav vsa podjetja ali industrije.
Commercial banks shall, pursuant to law, conduct business operations without interference from any unit or individual.
V zvezi s tem Komisija meni, da so sklicevanja na fotonapetostno industrijo dovolj jasna, saj je ta opredeljena bodisi z imenom bodisi z jasnim sklicevanjem na izdelek, ki ga izdeluje, ali skupino podjetij, ki ji pripada.
Commercial banks shall independently assume civil liability with their entire legal person property’.
Na podlagi dokazov v spisu se sklene, da subvencije v obliki preferenčnih posojil niso splošno razpoložljive in so zato specifične v smislu člena 4(2)(a) osnovne uredbe.
In the present case, during the on-the-spot verification, the Commission, not only legally, but also de facto, was not in a position to confirm the accuracy of the claim that banks do not take government policy and plans into account while making lending decisions.
Poleg tega zainteresirane strani niso predložile nobenih dokazov o tem, da subvencija temelji na objektivnih merilih ali pogojih iz člena 4(2)(b) osnovne uredbe.
Indeed, the Commission was not provided a single creditworthiness assessment for the PV industry and for the RIP.
Sklepne ugotovitve preiskave
The Commission does not consider that Article 4 of the Bank law prevents commercial banks from taking government industrial policy and plans into account as this article relates to the principles governing business operations.
Ugotavlja se, da veliko večino posojil vzorčenim skupinam proizvajalcev izvoznikov zagotavljajo državne banke, za katere se je v uvodni izjavi 201 zgoraj ugotovilo, da so javni organi, ker jim je zaupano pooblastilo vlade in ker opravljajo vladne funkcije.
This is also confirmed by Article 34 of the Bank law.
Obstajajo nadaljnji dokazi o tem, da te banke dejansko izvajajo pooblastilo vlade, saj država (tj. PBOC), kot je pojasnjeno v uvodnih izjavah 197 do 201, očitno posega v način, kako komercialne banke odločajo o obrestnih merah za posojila, ki jih odobrijo kitajskim družbam.
Contrary to the claim by the GOC that the Commission ‘brushed away the legal framework within which banks are operating’, the Commission rather made a careful analysis of that legal framework and could also establish a clear link between this legal framework and the operations of these financial institutions as evidenced by their annual reports.
V teh okoliščinah je mogoče posojilno prakso teh subjektov neposredno pripisati vladi.
The GOC also referred to Article 5 of the Bank law, deriving from it that there would be ‘no interference by local governments and government departments at various levels, public organizations or individuals in the business operations of the banks.’
Nazadnje, kitajska vlada niti ni predložila informacij, ki bi omogočale boljše razumevanje povezave med državnimi bankami in vlado, kot je pojasnjeno v uvodnih izjavah 51, 103 in 104, ali je zavrnila njihovo predložitev.
However, the actual text of Article 5 of the Bank law reads as follows: ‘Commercial banks shall adhere to the principles of equality, voluntariness, fairness and good faith in business dealings with their clients’.
Zato Komisija za posojila, ki so jih odobrile državne banke v LRK, ugotavlja, da gre še vedno za finančni prispevek proizvajalcem fotonapetostnih izdelkov v obliki neposrednega prenosa sredstev vlade v smislu člena 3(1)(a)(i) osnovne uredbe.
For the Commission, this formulation does not shield banks from their duty to apply policy considerations as set out in Article 34.
Na podlagi informacij o posojilih in kreditnih linijah, pridobljenih od vzorčenih proizvajalcev izvoznikov, in omejenih informacij, pridobljenih od štirih bank, je Komisija na podlagi razpoložljivih dejstev ugotovila, da dejansko in v praksi državne banke izvajajo vladno pooblastilo in da te banke izvajajo svoje dejavnosti dajanja posojil v skladu s potrebami nacionalnega gospodarskega in socialnega razvoja ter pod vodstvom državnih industrijskih politik, kot določa člen 34 zakona o bankah.
Articles 7 and 35 of the Bank law relate to the examination of the creditworthiness, purpose of the loan and credit approval chain.
Ugodnost v smislu členov 3(2) in 6(b) osnovne uredbe obstaja v obsegu, v katerem se vladna posojila ali posojila zasebnih organov na podlagi zaupanja nalog ali ukazov vlade odobrijo pod pogoji, ugodnejšimi od tistih, ki bi jih lahko prejemnik dejansko dobil na trgu.
As far as these matters are concerned and as indicated in recitals 128, 143, 155 and 171, the cooperating banks did not provide documents in support of their claims such as those relating to creditworthiness or the approval process.
Nevladna posojila v LRK ne zagotavljajo ustrezne referenčne vrednosti, ker je bilo ugotovljeno, da je kitajski finančni trg izkrivljen (glej uvodni izjavi 225 in 226).
On the basis of facts available, such Articles can therefore not be considered to contradict the interpretation of Article 34 established by the Commission.
Zato so bile referenčne vrednosti oblikovane po metodi, opisani v uvodnih izjavah 246 do 248 v nadaljevanju.
As far as Decision 40 is concerned and as indicated in recital 102 of the original investigation, it is first noted that this Decision suggests that the GOC will actively support the development of new energy industry and expedite the development of solar energy, instructs all financial institutions to provide credit support only to encouraged projects (the category in which the PV projects belong) and promises the implementation of ‘other preferential policies on the encouraged projects’.
Ta referenčna vrednost kaže, da so posojila fotonapetostnemu sektorju odobrena pod pogoji in okoliščinami, ugodnejšimi od tržnih.
On the basis of the above and especially the fact that banks are instructed to provide credit support to the PV sector, it is considered that Decision 40 demonstrates that banks exercise government authority.
Kot je bilo ugotovljeno v uvodni izjavi 191 prvotne uredbe, je fotonapetostna industrija uvrščena v kategorijo spodbujanih industrij v skladu s Sklepom št. 40.
As far as Article 17 of such Decision is concerned and the fact that credit principles should be respected, the Commission does not consider such condition as incompatible with the fact that banks exercise government authority.
Sklep št. 40 od takrat ni bil spremenjen in določa obvezujoča pravila za vse gospodarske institucije v obliki usmeritev glede spodbujanja in podpore spodbujanih industrij, med katerimi je tudi fotonapetostna industrija.
As far as the claim that Decision 40 covers the whole Chinese economy, the Commission notes that this Decision refers to the Guiding Catalogue of the Industrial Restructuring which itself makes a distinction between three types of industries; i.e. encouraged, limited and eliminated projects.
Kot je pojasnjeno v uvodni izjavi 172 prvotne uredbe, se omejenemu številu industrij, med katerimi je tudi fotonapetostna industrija, po ukazu kitajske vlade namenjajo preferenčna posojila.
Furthermore, the ‘encouragement content’ is also defined in this Decision.
Na podlagi navedenega je mogoče sprejeti enak sklep, tj. da organi finančnim institucijam dovolijo zagotavljati preferenčna posojila samo omejenemu številu industrij/družb, ki delujejo v skladu z ustreznimi politikami kitajske vlade.
As far as the reference to the ‘11th Five-Year plan’ is concerned, it is noted that such plan has been replaced by the 12th and more recently by the 13th Five-Year plans.
Na podlagi dokazov v spisu in zaradi nesodelovanja kitajske vlade v tej zadevi se sklene, da subvencije v obliki preferenčnih posojil niso splošno razpoložljive in so zato specifične v smislu člena 4(2)(a) osnovne uredbe.
It is also noted that Decision 40 has not been repealed and is therefore still valid.
Poleg tega zainteresirane strani niso predložile nobenih dokazov o tem, da subvencija temelji na objektivnih merilih ali pogojih iz člena 4(2)(b) osnovne uredbe.
Nothing in Chinese law indicates that reading the reference to the 11th Five-Year plan as dynamic reference would be inappropriate.
Sklepna ugotovitev
Furthermore, the following observations can be made.
Preiskava je pokazala, da so vsi vzorčeni proizvajalci izvozniki imeli ugodnosti od preferenčnih posojil v obdobju preiskave.
The original investigation [35] had concluded that the Chinese financial market was distorted in various ways; i.e. State-ownership combined with the distortions of the Chinese financial market and with the GOC's policy to direct cheap money towards selected industries (thus undermining the level playing field in international trade and providing unfair advantage to Chinese producers), limitations with regard to interest rate setting, access to cheap capital, lending policy according to the needs of the national economy, preferential access to credit for encouraged projects and/or high and new technology industries, access to cheap foreign exchange State reserves and privileged financing means for the China Development Bank (CDB).
Ob upoštevanju navedenega je treba financiranje fotonapetostne industrije obravnavati kot subvencijo.
Except for the alleged interest rate reform that has been addressed in (197) to (201), the GOC did not provide any evidence in the course of this investigation that the situation has changed.
Zaradi obstoja finančnega prispevka, ugodnosti za proizvajalce izvoznike in specifičnosti se lahko proti tej subvenciji uvedejo izravnalni ukrepi.
The investigation did not either bring to light any element contradicting the above findings.
Izračun zneska subvencije
The conclusions drawn in the original investigation remain valid also in the RIP and are therefore confirmed.
Na podlagi metode, ki je bila uporabljena v prvotni preiskavi, se znesek subvencije, proti kateri se lahko uvedejo izravnalni ukrepi, izračuna glede na ugodnosti za prejemnike, ki so bile ugotovljene v OPP.
These conclusions make it clear that the financial sector is encouraged to contribute to the strategies designed by the Government authorities.
V skladu s členom 6(b) osnovne uredbe se kot ugodnost za prejemnike šteje razlika med zneskom obresti, ki ga družba plača za vladno posojilo, in zneskom, ki bi ga družba plačala za primerljivo komercialno posojilo, ki bi ga dobila na trgu.
As far as the interference of the GOC to influence rates is concerned, this issue has already been dealt with in recitals 197, 198, 206 and 207.
Kot je pojasnjeno zgoraj v uvodnih izjavah 236 do 241; ker posojila, ki jih zagotavljajo kitajske banke, odražajo znatno poseganje vlade v bančni sektor in ne obrestnih mer delujočega trga, je bila ustrezna referenčna vrednost določena po metodi, opisani v nadaljevanju.