The European Commission said on the 6th that it will investigate Chinese manufacturers suspected of dumping solar panels. China has warned that limiting its exports of solar products will hurt the global clean energy sector. According to the US "New York Times" report, the EU is preparing to conduct an extensive investigation on whether Chinese companies export solar panels at below-cost prices as early as the morning of the 6th. Three people familiar with the dispute said the case would be one of the biggest trade actions in European history and could result in a large portion of China's exports of solar panels to Europe being subject to high tariffs. China's annual exports of solar panels to Europe amount to 20 billion US dollars. In addition, this anti-dumping case was initiated after a series of bankruptcy and factory closure cases in European and American solar panel manufacturers, which will lead to the expansion of this problem that has become one of the biggest problems in Sino-US trade relations. The US Department of Commerce began to impose a preliminary anti-dumping tariff of at least 31% on Chinese solar panels in May, and began to impose a preliminary countervailing duty of 2.9%-4.73% in March. The official China Daily quoted an unnamed Ministry of Commerce as saying on the 6th that if the EU launches the solar panel trade case, the Chinese government may retaliate and impose trade restrictions on European wine and polysilicon. Reuters quoted Shen Danyang, a spokesman for the Ministry of Commerce, on a statement on the ministry's website saying that "the Chinese side deeply regrets this decision." He urged the EU to "seriously consider China's position and recommendations and resolve solar panel trade friction through consultation and cooperation." Frank Haugwitz, a solar industry consultant based in Beijing, said that if the EU imposes tariffs, it would be a heavy blow to the Chinese solar industry, which has already had overcapacity problems. However, the Chinese government is firmly committed to the development of the solar panel industry, and has begun to use subsidies to expand the domestic market for solar panels.
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