China Urges U.S. to Remove Stimulus for Renewable-Power Industry

By Feifei Shen, Bloomberg:

China asked the U.S. to remove some of its stimulus measures for the renewable-energy industry, saying they’re against World Trade Organization rules.

Six state stimulus programs have violated the WTO’s anti- subsidy rules and hampered Chinese renewable-energy exports to the U.S., China’s Ministry of Commerce said in a statement on its website. The U.S. must offer “fair treatment,” the ministry said.

A trade dispute between the world’s biggest economies has deepened after the U.S. Commerce Department said in May it will impose duties on Chinese solar cells. It set preliminary tariffs of as much as 250 percent on imports after companies including the local unit of SolarWorld AG (SWV) said Chinese rivals were selling products at a loss in the U.S… Read more

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