CCTV.com - CNTV English - CCTV News

China lauches anti-dumping probe against U.S.

08-15-2012 10:04 BJT

Watch Video

Play Video

The country has launched an anti-dumping and countervailing investigation into American exports of solar-grade polysilicon, a key ingredient for the making of solar panels. The move was initiated by Chinese polysilicon manufacturers which have increasingly come under pressure due to escalating trade disputes between the U.S and China. At the same time the Chinese Ministry of Commerce also filed an anti-dumping probe into South Korean made polysilicon.

This is probably the biggest anti-dumping case ever since China joined the WTO in 2001. The Ministry of Commerce filed the case on July 20th, as requested by four big manufacturers of solar-grade polysilicon, on behalf of the entire industry.

Wang Xuehua, lawyer of Chinese firms, said, "The reason why we are filing this case is because the U.S. firms are using an unfair way and dump their products to China. Preliminary evidence shows the dumping profit margin of U.S polysilicon exports to China is approximately 55 percent, exports from South Korea is 49 percent. "

Latest statistics show China’s imports of polysilicon in the first half of this year surged by nearly 35 percent, reaching a new record. U.S and South Korea have taken up 65 percent of the market stake. However, import prices have been largely reduced. The price of U.S products fell 60 percent, and the price of South Korea products 52 percent.

Wang Xuehua said, "If we don’t take emergency measures, Chinese companies will be inundated with import products with government subsidies. We are using these measures to give us some time to adjust ourselves, in order to play a fair game."

A deputy manager of one of the filing companies says MEMC, the second largest crystalline silicon manufacturer in the U.S., made a 92 million U.S dollar loss in the first quarter this year. However its export price is far below global average.

Lv Jingbiao, deputy general manager of Jiangsu Zhongneng Silicon Technology said, "Why could they export their products to China with a price far below their costs? They are not doing charity, it’s because they have large amount of government subsidies."

Chinese firms have prepared a 400 page report containing evidence that the U.S government provides subsidies to energy industries. So far 15 U.S. and South Korean exporters have responded to the investigation, including the office of the U.S trade representative.

Editor:Wang Xiaomei |Source: CCTV.com

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program