China and the EU are facing a trade war after a group of European solar panel producers this week lodged an anti-dumping complaint, sparking immediate threats of retaliation.
The complaint comes from Germany's SolarWorld and a newly formed coalition of some 25 companies, according to spokesperson Milan Nitzschke, most of whom choose to remain anonymous "for fear of repression."
The companies accuse China of giving out “immense subsidies”, Nitzschke said, helping its own industry to gain market share in Europe by selling its products at artificially low prices - a practice known as dumping and illegal under international trade law.
Citing Goldman Sachs, they say China’s share of the EU market for crystalline solar modules has increased from 63 percent in 2009 to 80 percent in 2011. Ten years ago, that number was close to zero.
Read more: EUobserver.com / Economic Affairs / China-EU trade war looms over solar energy industry
No comments:
Post a Comment