Chinese Firms Warn EU against Solar Trade War
http://www.spiegel.de/international/business/trade-war-brews-between-eu-and-china-over-solar-panels-a-846622.html
A dispute between European and Chinese solar panel manufactures could turn into a full-blown trade war, makers of the products in China warned on Thursday. As the world economy constricts, they say, such a battle could be fierce.
Four of China's largest solar panel companies issued a statement urging "high-level dialogue" to calm the situation, but also said Beijing should do everything possible to protect the "legitimate rights and interests" of Chinese manufacturers.
The statement came one day after a group of European solar panel makers, led by Germany's SolarWorld, filed a complaint with the European Commission, the EU's executive arm, asking for import tariffs to be placed on Chinese competitors' products. The group that filed the complaint included 25 companies from across the EU, and calls itself ProSun, SolarWorld said on Thursday.
They accuse Chinese manufacturers of photovoltaic cells of selling the products below cost, a practice known as "dumping," in order to gain a bigger foothold in the European solar energy market, the world's largest. They also suspect that China has provided illegal subsidies to its solar panel manufacturers to make this possible.