CHINA has reiterated its resolve to protect its solar panel and telecommunications equipment makers from being hit by the European Union’s hefty tariffs, warning an escalation in trade disputes would cause harm to firms on both sides.
The European Commission, the EU’s executive body, plans to impose duties averaging 47 percent on Chinese solar panels from next month, accusing Chinese firms of selling products at below cost – a practice known as dumping. About 21 billion euros (US$27 billion) of Chinese solar exports are at stake.
The EU also said this month it will investigate whether Chinese telecom gear makers receive improper subsidies.
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