A Double Case Study Of Chinese Private Enterprises’ Anti-dumping Accounting Strategy Against The United States

International trade is a direct reflection of economic globalization.In response to a country’s dumping behavior,the WTO allows importing countries to take anti-dumping measures to ensure fair trade.Then,in the context of the global economic downturn,it is becoming more and more arbitrary to initiate anti-dumping.As the second largest economy in the world,China is also one of the countries that have suffered the most anti-dumping investigations.Facing foreign anti-dumping investigations,Chinese export companies need to submit anti-dumping investigation questionnaires and cooperate with investigators to complete on-site inspections to conduct anti-dumping defenses.As the main force of China’s exports,small and medium-sized private enterprises are often unable to formulate effective strategies to respond to the anti-dumping,and the core of anti-dumping response is to provide real and acceptable accounting information.Therefore,it is of great significance to propose effective accounting strategies for our private export enterprises to deal with foreign anti-dumping.Based on the introduction of anti-dumping accounting-related theories and the summary of relevant literature,this article mainly uses the normative research method and case study method to study theanti-dumping responses of two private enterprises,Dingsheng New Materials and Wanshun New Materials.Through research on Dingsheng New Materials’ anti-dumping case,it is found that incomplete accounting information,inadequate internal control,and increased liquidity risk are the main reasons leading to the company’s anti-dumping case.Dingsheng New Materials’ strategy of reducing product costs,developing re-export trade and adjusting product export structure to deal with anti-dumping has not achieved substantial results.Then,I conducted in-depth research on Wanshun New Materials’ response to U.S.anti-dumping.It was found that anti-dumping would cause the company’s stock price to fall in the short term,and the export volume of aluminum foil also declined.However,after the final ruling ruled that enterprises applied a lower anti-dumping tax rate,the amount of aluminum foil exported to the United States returned to normal levels before anti-dumping.By studying the reasons why Wanshun New Materials’ anti-dumping response has achieved great results,it is found that the company’s outstanding performance in internal control,accounting basic work,anti-dumping accounting personnel training and R & D investment provides important defense evidence for enterprises to respond to anti-dumping.Finally,based on Wanshun New Materials’ successful experience in dealing with anti-dumping,this article provides several accounting strategies for our private enterprises in responding toU.S.anti-dumping measures in terms of anti-dumping accounting information requirements,anti-dumping accounting early warning mechanisms,daily basic accounting work,anti-dumping accounting talent training,and product R & D investment.