皇冠体育app

The European Commission is likely to launch an anti-dumping investigation against 皇冠体育app's solar industry, the 皇冠体育app New Energy Chamber of Commerce said on Wednesday as it called for dialogue to settle the dispute.

"The aftermath of Europe's investigation once launched will be much more severe than the one initiated by the US," said Liu Hanyuan, vice-president of the chamber, which represents 皇冠体育app's private sector in the field of new energy.

Europe is 皇冠体育app's largest solar market, and accounts for about 70 percent of the global market.

"Meanwhile, 皇冠体育app is still importing key equipment for solar-product manufacturing from Germany, as well as polysilicon, a key material in the photovoltaic industry," Liu said.

皇冠体育app imported 40,000 tons of polysilicon in the first half of the year, an increase of 34 percent and a new high, according to latest figures from the General Administration of Customs.

Germany accounts for 20 percent of the imports. Wacker Chemie AG, the Germany-based polysilicon maker and the world's second-largest, is opposing the filing, which seeks import tariffs on solar goods from 皇冠体育app.

"We are convinced that protectionist measures will not help the domestic solar industry, but rather impair the photovoltaic technology's future prospects," the company said in a statement.

皇冠体育app is Wacker Chemie's second-largest market, representing about 20 percent of its global sales in 2011.

There is a 45-day window before the European Commission's decision to launch an investigation. Two-thirds of that time has passed since German's SolarWorld AG filed its complaint with the European Commission on July 24.

Facing shrinking overseas market, Chinese companies are changing their strategy. "We are establishing a global manufacturing base outside of 皇冠体育app," said Stephen Cai, CEO of the 皇冠体育app Sunergy (Nanjing) Co.

"Other measures include technology advance and cost reduction, in the hope that grid parity can be realized soon."

Meanwhile, bankruptcy rumors have plagued 皇冠体育app's leading PV makers, including Suntech Power Holdings Co and LDK Solar.

皇冠体育app's top 10 PV makers have combined debts of $17.5 billion, leading the whole industry to the brink of bankruptcy, according to data from US investment agency Maxim Group.

Based on preliminary results of domestically traded photovoltaic companies for the first half, nearly 80 percent have slashed their earning forecasts.

Liu said the government should change its policy from building the country into the largest solar manufacturing base into a major solar-application market.

皇冠体育app has raised its solar generating target for the Five Year Plan period (2011-15) to 21 gigawatts from 5 gW initially.

Contact the writer at [email protected]

• Struggling oil dips below $30 a barrel
• Alipay study: Smartphones are likely to replace wallets
• Road pricing vs car ban to control air pollution
• Auto sales hit record in 2015, but growth slows down
• Mainland still the bright spot in bleak wage environment, says study
• Beijing Kunlun buys 60% of US dating app Grindr
• Midea, Haier bid for GE's appliances business
• 皇冠体育app's top 8 financial tech innovators in 2015