Accounting In Anti-dumping Lawsuit

The global trade protectionism caused by the financial crisis sweeping across the world, make China face a more severe trade situation. It becomes a significant problem that variety of trade conflictions and non-trade barriers restrict the export of China which results in a restraint of employment and economic growth. Moreover, China has been the country which suffers most from anti-dumping in the World for17consecutive years, and frequent anti-dumping investigation troubles Chinese enterprises a lot. Facing foreign anti-dumping lawsuits, the respondent rate of Chinese enterprises is very low, however the respondent ones always lose their lawsuit eventually. Such situation is due to a lack of guidance of accounting theory and applications of anti-dumping.Under such circumstance, this article combines theory and practice, synthetically using knowledge of accounting, law, trade, trying to explain how accounting act as a supporting role in the process of responding to an anti-dumping lawsuit in the way of standard research, statistical analysis and case study analysis. Based on accounting theory in anti-dumping and the case study of US anti-dumping of steel against China in recent years, the article tries to find out the accounting experiences and failures by comparing the processes and results of different anti-dumping lawsuits and then propose appropriate accounting measures to reduce economic losses and trade barriers for Chinese enterprises.