The Russian satellite network reports that Europe needs China's solar panels. The European Commission has refused to postpone anti-dumping duties on imports of Chinese solar panels.
The European Commission stated that the abolition of tariffs was needed by European producers and consumers. China is the world's largest producer of solar panels, with a global share of up to 60% of its products. In the 2008 crisis, the Chinese government injected $585 billion into its financial system to avoid a hard landing, accounting for gdp12.5%. A significant portion of this is used to maintain capacity, including solar panel production capacity. As a result, there is a significant overcapacity in this area. China's solar photovoltaic power generation Cumulative Installed capacity has reached 130gw--no second country in the world.
And you know, the whole of Russia's power consumption peak is only 145GW, and the UK can be used for a few days. Because of the overproduction of solar panels, China has long sought to find export markets for them. Since oversupply, the price of its products will naturally be reduced. The EU was unhappy at first because it believed that China was artificially lowering prices for solar panels. In December 2013, the European Commission imposed anti-dumping countervailing duties on China's imports of solar panels for two years.
It was extended by 1.5 in March 2017, not long before it expired. Yet while Europe is already considering the need to continue to postpone, the United States has taken a step forward. It imposed a 30% tariff on Chinese solar panels in January. It was also a prelude to the beginning of a trade war.
The US government claims that China's solar panel exports to the US increased by 500% per cent in 2012-2016, while its prices fell sharply by about 60%, forcing American companies to effectively halt production in the US. It seems that the EU does not support the US in restricting China's imports. There is not enough green clean energy production capacity in Europe. As a result, the European Union's solar panel prices are too high, and naturally ultimately unlucky consumers.
So, as Liu Huaqin, a researcher at the Institute for International Trade and Economic Cooperation at China's Ministry of Commerce, said in an interview with the satellite news agency, imposing high tariffs is no longer in EU interest. Liu Huaqin said: ' The EU has a corresponding regulation of solar panels, five years after the expiry of the extension can also be terminated. The termination is also due to the EU's own development needs, because the continued anti-dumping on its own development is not particularly advantageous. In addition, in the course of trade war, each group has its own vital interests and needs. Solar panels are still in great demand in Germany.
The European and American Trade war is also in progress, the EU from its own interests can not be completely dictated by the United States '. The interesting thing is the American response. So far there has been no official announcement. But Washington is trying to put pressure on its partners whenever it tries to use the North Creek 2 pipeline to import Russian gas to secure its own energy security or buy Iranian oil. The United States withdrew from the Iranian nuclear deal and resumed massive sanctions against Iran.
Washington has said more than once that it opposes the laying of the Russian-to-European ' North Creek 2 ' gas pipeline and threatens to sanction companies involved in the project and other Russian pipeline export projects. Europe has been caught in a dilemma. On the one hand, do not want to annoy their biggest, but also unpredictable allies; On the other hand, Europe does not want to act against economic law, let alone lose some kind of sovereignty. Not long ago, German Foreign Minister Mas criticized the U.S. foreign policy, pointing out that the Sino-US trade war poses a threat to Germany, and that Americans ' attempts to influence EU energy markets through sanctions against Russia are unacceptable. In the view of the German minister, the purchase of Russian gas should be determined by the price factor.
