natgillin/translations-raw huggingface dataset:
The Commission notes that the full quote including the sentence that follows immediately reads as following (italics added): ‘We vigorously boosted the development of real economy.
Komisija ne izpodbija obstoja dodatka na referenčno vrednost PBOC; njeno mnenje je, da dodatek ni skladen s tržnimi pogoji, ampak odraža cilj bank, da izvajajo politiko kitajske vlade za spodbujanje fotonapetostne industrije.
The Group proactively responded to the state's structural reform on the supply side, and aptly reacted to the development strategies including ‘One Belt and One Road’, free trade zones, coordinated development of the Beijing-Tianjin-Hebei region and the Yangtze River Economic Belt.
MEB je v odgovorih na vprašalnik in poziv k dopolnitvi navedla, da pri sprejemanju odločitev v zvezi s svojo posojilno politiko ni upoštevala vladne politike.
We provided support to the national key construction projects, new-type urbanisation, new countryside construction and strategic emerging industries’.
Vendar letno poročilo MEB potrjuje, da izvaja vladne načrte, kot je razvidno iz naslednjih izvlečkov: „MEB usmerjajo nacionalne industrijske politike“; „Upravni odbor, nadzorni odbor in posebni odbori so resno izvajali nacionalne politike“.
Therefore, as these quotes also need to be read in conjunction with each other, the Commission saw no reason to change its findings in recital 159.
Po razkritju se je kitajska vlada sklicevala na dopis Komisije z dne 23. septembra 2016, ki je vseboval navedbo iz letnega poročila MEB za leto 2015, podobno prvi navedbi v uvodni izjavi 174.
The GOC also noted that the credit risk analysis and management system of the bank are described at length in the annual report of CCB.
Kitajska vlada je trdila, da se navedba „usmerjajo nacionalne industrijske politike“ na nanaša na MEB, ampak na družbo CMB Financial Leasing.
However, no new elements have been put forward by the GOC in this respect.
Komisija poudarja, da je CMB Financial Leasing v 100-odstotni lasti MEB.
In any event, those are abstract, and do not allow the assessment of individual cases, nor do they constitute proof that such assessment actually takes place.
Kitajska vlada je tudi opozorila, da je v letnem poročilu MEB postopek ocene kreditnega tveganja podrobno opisan in da fotonapetostna industrija ni med desetimi sektorji, ki so največji posojilojemalci banke.
Therefore, the Commission did not see any reason to change its findings in recitals 152 to 159.
Kitajski vladi se zato ne zdi, da bi trditve MEB v njenih odgovorih na vprašalnik in poziv k dopolnitvi nasprotovale vsebini letnega poročila.
In its reply to the Commission's letter regarding the consideration to apply Article 28, the GOC claimed that the documents requested were in any case not relevant in the framework of the verification and that the Commission should have relied on the information that it could collect or that was already contained in the questionnaire reply.
Kitajska vlada je poudarila, da se ena od navedb nanaša na subjekt, ki je v 100-odstotni lasti MEB, razen tega pa ni imela novih pripomb.
It also argued that the documents that were not provided by the CCB (or the GOC) were no grounds to apply Article 28.
Ker Komisija ni imela na razpolago nobenih preverjenih dokumentov, iz katerih bi bilo razvidno, da je banka izvedla ustrezno oceno tveganj, namesto da je na podlagi industrijske politike podpirala fotonapetostno industrijo, je vztrajala pri svoji ugotovitvi, da MEB ni izvajala ocen kreditne sposobnosti.
In this regard, it is noted that the requested documents were necessary to verify the claims made in the questionnaire reply and that the Commission could not be satisfied with the provided documents as they did not relate to the claims made or could only partially support them.
Kar zadeva odločitve finančnih institucij o posojilih ter njihovo upoštevanje vladne industrijske politike in načrtov, je kitajska vlada trdila, da izpolnjeni vprašalniki različnih bank pomenijo najbolj neposredna in bistvena dejstva in dokaze, na katerih bi morala temeljiti analiza Komisije.
In the absence of any verified document showing that the bank carried out a proper risk assessment, the Commission maintained its conclusion the CCB was not carrying out creditworthiness assessments.
Kot je razvidno iz izpolnjenih vprašalnikov, opisanih v uvodnih izjavah 137 do 185, so se odgovori razlikovali, na splošno pa so zanikali izvajanje vladnega pooblastila ali vsaj poskušali zmanjšati njegov pomen.
Rather, its lending was guided by the objective of implementing government policy by giving the sampled companies preferential loans.
Vendar se je vsaka od bank v svojih letnih poročilih jasno sklicevala na take vladne politike, načrte ali nastajajoče strateške industrije kot smernice za svoje finančne storitve.
The assessment of all facts available on the file leads the Commission to the conclusion that CCB has lent to two sampled producers, which are representative for the PV industry, without carrying out a creditworthiness assessment, as the bank has been unable to prove the existence of such an assessment.
Kitajska vlada meni, da te trditve niso neskladne, ker se izpolnjeni vprašalniki ne ujemajo z vsebino letnih poročili bank.
This allows drawing the inference that CCB has been vested with government authority and exercised such authority by providing lending in line with the requirements of central planning.
Vendar Komisija meni, da trditve v letnih poročilih bank, kot so navedene zgoraj, jasno nasprotujejo trditvam istih bank v izpolnjenih vprašalnikih.
Thus, it performed governmental functions.
Po razkritju je kitajska vlada izrazila nestrinjanje s trditvijo, da Komisija ni mogla preveriti bonitetne ocene in postopka odločanja.
The Commission therefore concludes that CCB is a public body.
Sklicevala se je na dokumente, ki so jih CCB, MEB in ICBC predložile Komisiji med preveritvijo na kraju samem.
The Commission established that MEB is part of the China Merchants Group, a State-owned conglomerate under direct supervision of State-owned Assets Supervision and Administration Commission of the State Council [32].
Komisija ponovno opozarja na pomanjkljivosti teh dokumentov, kot so navedene v uvodnih izjavah 148 in 169.
On the basis of its 2014 and 2015 Annual reports, it also established that is indirectly owned by the State.
Kitajska vlada se je sklicevala tudi na letna poročila finančnih institucij in ustrezne izpolnjene vprašalnike, ki so po njenem mnenju dovolj za preverbo bonitetne ocene in postopka odločanja.
MEB is therefore formally controlled by the State.
Komisija to pripombo zavrača, saj je bilo treba vsebino letnih poročil in odgovore iz vprašalnikov preveriti z ustreznimi dokazi na kraju samem (na primer za obdobje preiskave v zvezi s pregledom in fotonapetostno industrijo).
As provided by Chapters 10 and 13 of the Articles of Association, the State, as a majority shareholder, has the power to appoint a majority of the members of Board of Directors and Board of Supervisors.
Kot je Komisija med obiskom na kraju samem pojasnila kitajski vladi in bankam, ki jih je poskušala preveriti, je morala preveriti tudi dokaze za to, da so se ocena kreditnega tveganja in postopki odločanja, kot so opisani v izpolnjenih vprašalnikih in letnih poročilih, med dejanskim poslovanjem res izvajali.
According to MEB's Articles of Association, the Board of Directors, inter alia, convenes shareholder's meetings, formulates the bank's business and investment plans, sets up the capital management strategy and the budget plan, decides on profit distribution, and approves or dismisses senior management.
Kitajska vlada je obravnavala tudi dejstvo, da več dokumentov ni bilo mogoče predložiti zaradi njihove zaupnosti, zakona o bančni tajnosti in zadevnih pogodbenih klavzul.
This non-exhaustive list of responsibilities illustrates the meaningful control of the State on MEB's daily business.
Kitajska vlada je navedla, da bi morala Komisija priznati, da so banke ravnale po svojih najboljših močeh glede na veljaven pravni in pogodbeni okvir.
MEB did not provide any information in this regard and referred to confidentiality issues.
Pripomnila je tudi, da člen 28 osnovne uredbe Komisiji dovoljuje le, da ne upošteva informacij, ki so napačne ali zavajajoče, in s tem namignila, da so informacije, ki so se upoštevale in so predložene po najboljši dejanski zmožnosti zainteresirane strani, upravičene.
Further to the Commission insistence, creditworthiness documents could be briefly viewed.
Ta trditev je bila ovržena v uvodni izjavi 48.
While these documents related to the sector concerned, they did not relate to the RIP.
Poleg tega Komisija ugotavlja, da je v členu 29 osnovne uredbe (ki temelji na členu 12.4 Sporazuma o subvencijah in izravnalnih ukrepih STO) predvideno, da „[v]se informacije, ki so zaupne […] in ki jih zaupno predložijo v preiskavo vključene strani, organi ob ustrezni utemeljitvi obravnavajo kot zaupne“.
In particular, MEB did not provide its credit policy documents for the years 2014 and 2015, when the Commission so requested and only allowed the Commission to briefly view the credit policy document for 2016 (which is not in the RIP).
Komisija zato meni, da pravni okvir te preiskave zagotavlja dovolj jamstev v zvezi z obravnavo zaupnih informacij.
However, the Commission was not allowed to take the document as an exhibit.
Glede na zgoraj navedeno meni, da organi zadevne države niso ravnali po svojih najboljših močeh, da bi zagotovili dostop do informacij, ki bi lahko podprle trditve v izpolnjenem vprašalniku.
While MEB allowed the Commission to take a look at a document related to the assessment of the creditworthiness of a company (in Chinese), it is noted that the Commission was not allowed to take any notes relating to the aforementioned document or to take a copy of the document.
Na podlagi ocene vseh dejstev, ki so na voljo v spisu, Komisija ugotavlja, da je MEB zaradi izpolnjevanja ciljev javne politike odobrila posojilo enemu od vzorčenih proizvajalcev, ki je reprezentativen za fotonapetostno industrijo.
This made it impossible to adequately comprehend the content in the limited timespan available during the verification visit.
Komisija zato ugotavlja, da je MEB javni organ.
Following disclosure, the GOC claimed that, in view of the fact that the Commission had relied on the existence of a credit report, it acknowledged that banks undertake credit risk assessments.
Druge kitajske državne banke so javni organi.
In this regard and as mentioned in sections 3.1 and 3.4.1 above, it is recalled that neither the GOC nor the individual banks provided satisfactory supporting evidence with regard to the credit assessment that they allegedly performed and more specifically how the banks take account of risk, how the creditworthiness of the borrower is assessed, what the risk premiums charged for different companies/industries in the PRC are, and which factors banks take into account when assessing loan or credit line applications.
Poleg teh štirih preverjenih bank je Komisija ugotovila, da je bila tudi večina drugih bank, ki so izvajale posojila vzorčenim proizvajalcem, v javni lasti (glej uvodno izjavo 106).
The GOC also commented that a comparison between the level of interest rate for the loan granted to the sampled cooperating producers and the PBOC was contrary to a conclusion of a lack of credit risk assessment.
Na podlagi informacij iz spisa ni bilo mogoče določiti lastniške strukture ostalih šestih bank, za katere kitajska vlada ni predložila nobenih informacij.
In this regard, it should be noted that the above comparison does not hold as there is no link between the level of the PBOC benchmark and the fact that banks do not perform credit risk assessments.
Zaradi pomanjkanja sodelovanja kitajske vlade v zvezi s šestimi bankami, ki niso štiri preverjene banke, je morala Komisija uporabiti razpoložljiva dejstva, da bi ocenila, ali je teh šest bank javnih organov.
The Commission does not dispute that there is a top-up on the PBOC benchmark; the Commission's view is that the top-up is not in line with market terms, but reflects the objective of the banks to implement GOC policy to promote the PV sector.
Prvič, Komisija je ugotovila, da so te banke v javni lasti (glej prejšnjo uvodno izjavo in uvodno izjavo 106 zgoraj).
In its replies to the questionnaire and deficiency letter, MEB indicated that it did not take account of government policy when making decisions with regard to its lending policy.
Drugič, Komisija je ugotovila, da so štiri vzorčene banke izdale znaten del [15–25 %] posojil, ki so jih tri vzorčene družbe prejele v OPP.
The GOC noted that the quote ‘guided by national industrial policies’ does not refer to MEB, but to CMB Financial Leasing.
Komisija je zato menila, da so ugotovitve za štiri banke, za katere so potekale preveritve, zaradi teh podobnosti in reprezentativnosti zadevnih štirih bank, predstavljale najboljša razpoložljiva dejstva za oceno drugih bank v javni lasti.
The GOC also noted that the credit risk assessment processes are described at length in the annual report of MEB and that the PV sector is not amongst the top ten borrower sectors of the bank.
V skladu s tem je Komisija izračunala koristi teh desetih bank v javni lasti.
Therefore, the GOC does not see any contradiction between statements made by MEB in its replies to the questionnaire and deficiency letter and the contents of the annual report.
Spremembe zakonodaje, ki se uporablja za državne banke, ki delujejo na Kitajskem
Apart from pointing out that one of the quotes relates to a 100 % MEB owned entity, nothing new has been put forward by the GOC.
Kitajska vlada je trdila, da ugotovitev Komisije v prvotni preiskavi, da so kitajske državne banke javni organi, ni več veljala, ker Ljudska banka Kitajske („PBOC“) ne določa več najnižje obrestne mere, zato kitajska vlada ne posega več v finančni trg.
In the absence of any verified document showing that the bank carried out a proper risk assessment instead of industrial policy to support the PV industry, the Commission maintained its conclusion that MEB was not carrying out creditworthiness assessments.
Kitajska vlada je trdila, da je PBOC 20. julija 2013 z odpravo najnižjih določenih posojilnih obrestnih mer odpravila nadzor nad obrestnimi merami za posojila, ki jih zagotavljajo finančne institucije.
As far as lending decisions are concerned and whether financial institutions take government industrial policy and plans into account, the GOC argued that the questionnaire reply of the various banks constitute the most direct and essential facts and evidence on the basis of which the Commission should base its analysis.
PBOC je v obvestilu, objavljenem 27. oktobra 2015, sklenila odpraviti tudi spremenljivo najvišjo določeno obrestno mero za vloge.
As can be seen from the questionnaire replies described in recitals 137 to 185, those replies diverged, but overall tended either to deny or at least to minimize the existence of exercise of government authority.
Komisija meni, da ta trditev ni upoštevna, ker ugotovitve, navedene v prejšnjem oddelku, same po sebi zadoščajo za zaključek, da so kitajske banke v javni lasti javni organi.
Yet in the annual reports of each of the banks clear references to such government policies, plans or strategic emerging industries as guidance for their financial services were made.
Ugotavlja se, prvič, da ugotovitev Komisije (v prvotni preiskavi), da so kitajske državne banke javni organi, ni temeljila samo na dejstvu, da PBOC določa posojilne obrestne mere, temveč je izhajala tudi iz analize več elementov, kot so opisani v uvodnih izjavah 158 do 168 prvotne uredbe.
The GOC finds such statements not irreconcilable because the questionnaire replies do not tally with the contents of the annual reports of the banks.
Za lažje sklicevanje so se ti elementi nanašali na (i) poseganje vlade v povezavi z vladnim lastništvom v večjih bankah, (ii) dejstvo, da imajo državne banke v LRK zelo velik tržni delež (zaradi česar zasebnim bankam ostaja zelo malo prostora) in igrajo glavno vlogo na kitajskem finančnem trgu, (iii) vladni nadzor prek lastništva, upravnega nadzora nad poslovanjem bank ali celo zavezujočih dokumentov, (iv) vlogo PBOC pri določanju omejitev za način, kako se določajo in nihajo obrestne mere, ter (v) pravna pravila, ki od bank zahtevajo, da pri svojih kreditnih politikah upoštevajo nacionalne politike/sektorske prednostne naloge.
The Commission however considers that the statements in the banks' annual reports as referred to above clearly contradict and undermine the statements of the same banks, in their questionnaire replies.
V sedanjem pregledu zaradi izteka ukrepa se edina sprememba, ki jo omenja kitajska vlada, nanaša na točko (iv).
Following the disclosure, the GOC expressed its disagreement on the statement that the Commission was not in a position to verify the credit assessment and decision-making process.
Točke (i) do (iii) in (v) so bile potrjene v oceni, izvedeni v predhodnih uvodnih izjavah.
The GOC thereby referred to documents that the CCB, MEB and ICBC provided to the Commission during the on-the-spot verification.
Drugič, na podlagi sklepov iz uvodne izjave 194 naj bi bile odpravljene najvišje in najnižje obrestne mere.
The Commission recalls that these documents had the deficiencies set out above at recitals 148 and 169.
Vendar je besedilo zadevnih objavljenih sklepov PBOC zgolj spodbujalo finančne institucije, da se prilagodijo tržnemu določanju cen posojilnih obrestnih mer, in tega od njih ni zahtevalo.
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.
To pomeni, da lahko kitajske državne banke še vedno izdajajo posojila po preferenčnih obrestnih merah, na podlagi člena 34 zakona o bankah pa so temu celo zavezane, saj ima navedeni zakon prednost pred spodbudo iz sklepa PBOC.
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.
Tretjič, čeprav je PBOC objavila sklep o odpravi najnižje obrestne mere, je bilo ugotovljeno tudi, da člen 38 zakona o bankah še vedno določa, da „[k]omercialne banke določijo obrestne mere za posojila v skladu z zgornjimi in spodnjimi mejami za posojilne obrestne mere, ki jih določa Ljudska banka Kitajske“.
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.
Zakon o bankah je bil pozneje spremenjen le v zvezi z drugimi vidiki.
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.
To dokazuje, da ni bilo sprememb zakonodajnega okvira, v skladu s katerim morajo banke ravnati, saj so sklepi PBOC zgolj izvršilni regulativni akti.
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.
PBOC poleg tega ohranja pravno podlago, tako da lahko kadar koli uvede zgornjo in spodnjo omejitev.
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.
Na podlagi javno dostopnih informacij se zdi, da je t. i. prevladujoča tržna obrestna mera (loan prime rate – „LPR“) posojil enoletna obrestna mera, ki temelji na najboljši obrestni meri, ki jo ponudi devet izbranih komercialnih bank, ki jih podpira država, kot referenčni vrednosti za trg posojil.
This argument has been rebutted above at recital 48.
Čeprav je PBOC trdila, da bo uvedba LPR posojil „spodbudila liberalizacijo obrestne mere, izboljšala sistem primerjalne obrestne mere na finančnih trgih“, so neodvisni analitiki ob njeni uvedbi ugotovili, da vloga „šanghajskega medbančnega trga ni dovolj učinkovita, da bi vplivala na obrestne mere med bankami in njihovimi strankami“ [33].
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’.
Dejansko se na podlagi analize zdi, da se LPR posojil sicer objavi vsak delovni dan, potem ko se določi povprečje ponudb devetih bank (pri čemer se izključita najvišja in najnižja ponudba), vendar se je njena stopnja v OPP s pregledom spremenila samo šestkrat.
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.
Za primerjavo, dnevna enoletna medbančna obrestna mera EURIBOR se je v enakem obdobju spremenila več kot 185krat.
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.
Poleg tega se zdi, da je LPR posojil vezana na referenčno vrednost, ki jo je objavila PBOC („referenčna vrednost PBOC“) [34], saj je vsaki spremembi referenčne vrednosti PBOC leta 2015 sledila sprememba LPR posojil naslednji delovni dan.
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.
Ugotavlja se tudi, da so bile spremembe v stopnji referenčne vrednosti PBOC in LPR posojil v letu 2015 enake.
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.
Nadalje so preverjene banke trdile, da se je delež kratkoročnih posojil, katerih obrestna mera je temeljila na LPR posojil, znatno povečal in je predstavljal velik delež njihovega portfelja kratkoročnih posojil, vendar teh trditev ni bilo mogoče niti podpreti z dokazi, ki bi jih predložile banke, niti potrditi med preveritvenimi obiski v prostorih proizvajalcev izvoznikov.
Thus, it performed government functions.
To ne podpira trditve, da naj bi zgoraj navedene banke samostojno določale svoje obrestne mere in da je bil trg obrestnih mer liberaliziran.
The other Chinese State-owned banks are public bodies
Sklepi iz prvotne preiskave, da so kitajske državne banke javni organi, ker imajo pooblastilo za izvajanje vladne funkcije, veljajo tudi v OPP in so zato potrjeni.
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).
Kitajska vlada je po razkritju trdila, da je Komisija dokazno breme neupravičeno prenesla nanjo, kar zadeva njene trditve glede (i) liberalizacije finančnega trga, (ii) ukinitve politike kitajske vlade v zvezi s področjem sončne energije ter (iii) prenehanja domnevnih izkrivljanj kitajskega finančnega trga.
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.
Kitajska vlada je tudi trdila, da se Komisija ni mogla zanašati na oceno „javnega organa“ na državni ravni in bi morala o tem presojati za vsak primer posebej.