CHINA launched an anti-dumping investigation into photographic paper and paper boards imported from the European Union, the United States and Japan, the Ministry of Commerce said yesterday.

But the dispute is not likely to cast as deep a shadow on the Chinese economy as they did before because the country is now less dependent on external conditions, said Lawrence Lau, president of CPA Australia Shanghai Committee.

In a survey released by the committee this week, only 4.5 percent of 485 respondents, who are senior company executives, are worried economic uncertainties in the US and Europe may be an obstacle to the Chinese economy in 2011.

On Wednesday, the US complained to the World Trade Organization that China illegally subsidized its production of wind power equipment.