CHINA/FILE: China expresses 'strong dissatisfaction' after the United States sets steep final duties on solar panels on billions of dollars of Chinese solar energy products.

Record ID: 1959598

  • Title: CHINA/FILE: China expresses 'strong dissatisfaction' after the United States sets steep final duties on solar panels on billions of dollars of Chinese solar energy products.
  • Date: 12th October 2012
  • Summary: BEIJING, CHINA (OCTOBER 11, 2012) (ORIGINALLY 4:3) (CCTV - NO ACCESS CHINA) OPENING GRAPHICS SEQUENCE FOR CCTV NEWS (SOUNDBITE) (Mandarin) UNIDENTIFIED NEWS ANCHOR SAYING: "The U.S. Ministry of Commerce has ignored the reasonable counter arguments of Chinese enterprises and levied unfair anti-dumping and anti-subsidy taxes on Chinese solar panel export products. China expresses strong dissatisfaction at the result. Shen Danyang hopes the U.S. can correct its mistaken ways and to stop measures for trade remedy as soon as possible, support the co-operation and communication in the solar industry between the two countries, to promote new energy and the development of green economy."
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  • Keywords:
  • Location: China
  • Country: China
  • Topics: Asia / Pacific,Business,International Relations,Politics
  • Reuters ID: LVA8ENSQNFXCRS7DE8ZUTVW5OOA2
  • Aspect Ratio: 4:3
  • Story Text: The United States on Wednesday (October 10) slapped steep final duties on billions of dollars of solar energy products from China, but turned down a request from lawmakers and U.S. manufacturers to expand the scope of its order.
    China's government and its solar manufacturers criticised the decision, adding more heat to the U.S.-China trade relationship following a congressional panel report on Monday (October 8) urging American companies not to do business with two Chinese telecommunications companies because of security concerns.
    "The U.S. Ministry of Commerce has ignored the reasonable counter arguments of Chinese enterprises and levied unfair anti-dumping and anti-subsidy taxes on Chinese solar panel export products. China expresses strong dissatisfaction at the result. Shen Danyang hopes the U.S. can correct its mistaken ways and to stop measures for trade remedy as soon as possible, support the co-operation and communication in the solar industry between the two countries, to promote new energy and the development of green economy," an anchor announced on state television news, quoting China's Commerce Ministry spokesman Shen Danyang.
    The U.S. Commerce Department said Chinese companies were "dumping" solar cells and panels in the United States at prices between 18.32 percent and 249.96 percent below fair value, although some individual companies received lower anti-dumping duty rates than in a preliminary decision earlier this year.
    The department also set additional countervailing duties ranging from 14.78 to 15.97 percent to combat Chinese government subsidies, significantly higher than preliminary levels.
    The United States imported about $3.1 billion worth of solar cells and panels from China in 2011, although that figure contains some products not covered by the investigation.
    In a related decision that disappointed U.S. producers and cheered U.S. companies that install solar panels, the department turned down pleas to expand the scope of its order to include Chinese panels (or modules) made with non-Chinese solar cells.
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