Skip to comments.China-EU trade war looms over solar energy industry
Posted on 07/28/2012 12:45:46 AM PDT by Olog-hai
China and the EU are facing a trade war after a group of European solar panel producers this week lodged an anti-dumping complaint, sparking immediate threats of retaliation.
The complaint comes from Germanys SolarWorld and a newly formed coalition of some 25 companies, according to spokesperson Milan Nitzschke, most of whom choose to remain anonymous for fear of repression.
The companies accuse China of giving out immense subsidies, Nitzschke said, helping its own industry to gain market share in Europe by selling its products at artificially low pricesa practice known as dumping and illegal under international trade law.
(Excerpt) Read more at euobserver.com ...
The assets are being bought by the Chinese
Sounds like the Crips and the Bloods shooting it out. Other than the possibility of innocent bystanders getting hurt, why would we want to stop them? Hell, I’m gettin’ out the popcorn.
With all due respect, that’s Rahm Emanuel logic.