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Crossover: Chinese solar panel manufacutures urge government to protect interests

07-27-2012 10:29 BJT

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Chinese solar panel manufacturers have urged the government to immediately begin talks with the European Union to protect their interests. Earlier this week, Germany’s SolarWorld filed a complaint accusing Chinese companies of dumping products in Europe. For more, we’re joined by our reporter Guan Xin. Guan Xin, China’s solar firms are warning of a trade war. Just how severe is the potential impact?

It’s really bad news for Chinese solar companies. Back in May, the US commerce department imposed punitive tariffs of 30 to 250 percent, and now this. Last year, the European market accounted for over 60 percent of total exports of solar panels, that’s roughly a market of over 20 billion US dollars.

And what makes the matter even more complicated is the divisiveness of the case in the European solar industry. Europe has around 300 thousand jobs depending directly or indirectly on Chinese enterprises. Reports say EU sollar installers have lobbied hard against the case. Tariffs on imported cells will only drive up costs for consumers and threaten even more jobs in the EU.

Editor:Wang Xiaomei |Source: CCTV.com

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