Arab Today, arab today china plays down us trade row over solar products
Last Updated : GMT 17:22:27
Arab Today, arab today
Arab Today, arab today

China plays down US trade row over solar products

Arab Today, arab today

Arab Today, arab today China plays down US trade row over solar products

Shanghai - AFP

China Wednesday sought to defuse a trade row with the United States after the latter imposed duties on Chinese solar products, saying it would not hurt ties, even as state media cried protectionism. The United States said Tuesday it would collect duties of between 2.9 and 4.7 percent on Chinese solar cells and panels, in a preliminary ruling after an investigation over whether companies received unfair financial support. US companies have accused China of improperly subsidising its solar sector as part of a no-holds-barred commercial battle for supremacy of the lucrative market. \"It is normal for the two sides to have friction and differences of views,\" Chinese foreign ministry spokesman Hong Lei told a regular news briefing in Beijing. \"We should not allow such friction to impair the sound development of Sino-US economic relations,\" he said, calling for negotiations to help resolve trade disputes. China had expected duties of up to 10 percent, state media said. Shares of some Chinese solar companies rose in domestic trading Wednesday given the less-than-expected duties, brokers said. A commentary issued by the official Xinhua news agency called the US duties lighter than expected but it still warned Washington against resorting to protectionism. \"Although the solar panel case has proven to be less devastating than expected, the U.S. government recently intensified shots against a range of Chinese imports... recalling the phantom of protectionism,\" it said. \"Punitive duties, big or small, will distort normal trade relations and risk disturbing the fragile global economic recovery process.\" Chinese producers denied the US findings and accused Washington of erecting obstacles to trade. Suntech, the world\'s largest solar panel producer, said its success was based on \"free and fair\" competition. \"Unilateral trade barriers, large or small, will further delay our transition away from fossil fuels,\" Chief Commercial Officer for Suntech Andrew Beebe said in a statement. Another Chinese company, Yingli Solar, defended its business practices. \"We are not dumping, nor do we believe that we are unfairly subsidised,\" Robert Petrina, managing director of Yingli\'s US subsidiary, said in a statement. The US Department of Commerce is due to announce more findings in May for a parallel investigation into whether Chinese makers are dumping -- or predatory pricing -- underpriced solar cells into the United States. Chinese solar-related shares were mixed in Shanghai trading Wednesday. Solar cell component maker Tianwei Baobian Electric slid 0.92 percent but TDG Holding jumped 2.10 percent. The US moves come as Washington steps up efforts to protect domestic manufacturers from Chinese products that it also alleges benefit from an artificially undervalued currency. Last month, US President Barack Obama took direct aim at China when he ordered the creation of the Interagency Trade Enforcement Center to expedite unfair trade complaints from US business.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china plays down us trade row over solar products Arab Today, arab today china plays down us trade row over solar products

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china plays down us trade row over solar products Arab Today, arab today china plays down us trade row over solar products

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Sheraton Grand Hotel reveals its deals

GMT 12:20 2017 Monday ,25 September

Sheraton Grand Hotel reveals its deals
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Iraq Kurds in historic independence vote

GMT 15:20 2017 Monday ,25 September

Iraq Kurds in historic independence vote
Arab Today, arab today North Korea 'more opaque'

GMT 10:50 2017 Sunday ,24 September

North Korea 'more opaque'
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today 'Lady Beast' fights for girl gamers

GMT 10:27 2017 Sunday ,24 September

'Lady Beast' fights for girl gamers
Arab Today, arab today Conditions growing dire    

GMT 09:22 2017 Monday ,25 September

Conditions growing dire    
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Third generation adds more power

GMT 13:40 2017 Sunday ,24 September

Third generation adds more power
Arab Today, arab today Carmakers face billions in European

GMT 12:37 2017 Saturday ,23 September

Carmakers face billions in European
Arab Today, arab today Lebleba is preoccupied in filming 'Back Street'

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'
Arab Today, arab today Psychologists help Mexico deal

GMT 05:05 2017 Sunday ,24 September

Psychologists help Mexico deal

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 20:10 2017 Saturday ,23 September

Big Western brands polluting oceans

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 12:02 2017 Sunday ,24 September

Harry visits mental health hospital

GMT 11:11 2017 Sunday ,24 September

The dark side of new tourism hope

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday