CCTV.com - CNTV English - CCTV News

US preliminary ruling on China solar panel dispute

12-04-2011 14:12 BJT

Watch Video

Play Video

The US International Trade Commission has voted in favor of continuing its investigation into China’s solar panel industry. This preliminary finding means they will continue with their probe, but how are Chinese solar panel manufacturers responding?

After two weeks of investigations, the US International Trade Commission released a preliminary ruling on its website. The commission believes there is indication that U.S. industries are being materially injured by the import of solar panels and modules from China that are allegedly subsidized. For Chinese solar panel producers, this ruling came as no surprise.

In this photo taken on Nov. 10, 2011 and released by China's Xinhua News Agency, a worker fixes a solar panel at a factory in Qingdao, east China's Shandong Province. A group of China's biggest solar energy companies on Tuesday, Nov. 29, 2011 rejected a U.S. trade complaint that they are unfairly supported by the Chinese government and said possible sanctions would hurt American companies and workers. (AP Photo/Xinhua, Liang Xiaopeng)

Li Lei, Chinese solar manufacturer, said, "More than 90 percent cases will be ruled in favor of US enterprises by the ITC in the preliminary stage. The result only means they will continue to look into the case. We still have chances to fight back in the next stage. "

As the probe continues, some US solar manufactures have voiced that they do not want a trade war with Chinese solar panel companies.

China PV companies need to import many raw materials from America every year. Once the US starts to impose a large amount of punitive tariffs on Chinese companies, their business will be severely damaged.

Zhou Shijian, senior researcher of Sino-US relationship research centre of Tsinghua University, said, "The ITC’s decision will harm the entire industry chain. There is no real winner here."

US Commerce Department will rule the case a few months after ITC discloses its preliminary decision, and the final result of the case will come out before the end of next year.

China solar panel companies import equipment worth more than 5 billion US dollars every year, and ship exports worth fewer than 2 billion US dollars to America. If Chinese companies lose the case, US solar manufacturers may feel the impact of the punitive tariffs just in the same way as their Chinese business partners.

 

Editor:Shi Jierui |Source: CNTV

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