US China trade war spreading like a virus

Asia

China launches trade cases against US and South Korean polysilicon producers

21.07.2012: China’s Ministry of Commerce (Mofcom) confirmed it will open antidumping and countervailing duty investigations into US polysilicon imports into China. It will also launch an antidumping investigation into polysilicon imports from South Korea. In statements published on its website, Mofcom said it received applications requesting the investigations earlier this month from four Chinese companies: Jiangsu Zhongneng Polysilicon, LDK Solar, Sino-Silicon and Daqo New Energy. Under the investigations, Mofcom will attempt to determine if alleged dumping and unfair subsidies have damaged China’s solar industry over the last four years. In May, Mofcom suggested it could open an investigation into US imports when it accused six state-level US renewable energy incentive programs of violating global trade rules. … Source: China’s Ministry of Commerce; Summary: PHOTON http://www.mofcom.gov.cn/aarticle/ae/ai/201207/20120708241996.html http://www.mofcom.gov.cn/aarticle/b/c/201207/20120708241733.html

 

 

Monty Bannerman

ArcStar Energy

646.402.5076

www.arcstarenergy.com