The Anti-Dumping and Anti-Subsidy Probe Has Been Causing a Stir in China

The anti-dumping and anti-subsidy probe taken up by the US government directed at China-based solar firms has been causing a stir in China, and according to local media, may end up hurting the US more than it hurts China. According to China solar media outlet Newenergy, the US International Trade Commission has recently approved the investigation into charges of illegal pricing on modules from China-based solar, with many local China firms believing the probe is simply a cooperative effort by businesses and government in the US to stimulate the local US economy. However, the article pointed out that China imports approximately US$5 billion worth of polysilicon materials and solar product equipment from the US every year, while the export value of China-made solar cells and components to the US only totals approximately US$1.2 billion per year. The China government has responded by stating it will have its own investigation into subsidies provided by the US government, so if a solar trade war is triggered between the two countries, it is more likely to wound the US more. Source: www.digitimes.com