皇冠体育app

In response to the EU's move to impose duties, 皇冠体育app launched an anti-dumping inquiry into European wine sales, which may have led to exporters in France, as well as Spain and Italy, being hit with retaliatory duties.

Trade frictions between 皇冠体育app and the EU intensified sharply earlier this year, sparking fears of a trade war between the two major trading powers. As a result, 皇冠体育app's trade volume with the EU shed 1.9 percent during the first quarter this year to $124.4 billion.

Europe is 皇冠体育app's most important trading partner. For the EU, 皇冠体育app is second only to the United States. Chinese exports of goods to the bloc totalled 290 billion euros in 2012, with 144 billion euros in European exports going to 皇冠体育app.

The State Council, 皇冠体育app's cabinet, unleashed a raft of measures on June 14 to open up the domestic (PV) market to help domestic solar panel producers amid the increasing trade tensions abroad.

Chinese Premier Li Keqiang said the development of the domestic PV sector is also in line with 皇冠体育app's initiatives to upgrade its industrial operations.

Some have expressed concerns that the limit on PV exports may result in furious competition among domestic players.

Analysts say that 皇冠体育app's solar industry is bracing for a major reshuffle after years of trade rows with the EU and the US as well as growing pressures from overcapacity.

Ren Haoning, an energy industry researcher with CIC Consulting Company, said the future industrial landscape will witness fewer upstream polysilicon producers, but more downstream PV power stations, to cut excess production capacity.

"The domestic demand is lagging far from digesting the nation's solar panel capacity," Ren said. "In the next decade or two, overall production capacity will shrink to maintain a relative balance."