China’s Photovoltaic Industry Faces "Double Reverse" Crisis in Europe and America
October 2011
SolarWorld, a U.S.-based solar panel manufacturer, filed a petition calling for a "double anti" investigation targeting 75 Chinese companies.
November 2011
The U.S. government officially launched an investigation into these 75 Chinese photovoltaic (PV) firms.
March 2012
The U.S. Department of Commerce decided to impose a countervailing duty ranging from 2.9% to 4.73% on Chinese solar cells exported to the United States.
May 2012
The U.S. Department of Commerce announced preliminary anti-dumping duties as high as 31.14% to 249.96% on Chinese photovoltaic products entering the American market.
September 2012
The European Union initiated an anti-dumping probe into China's PV sector within Europe, although no countervailing investigation was filed at this time.
October 2012
The U.S. Department of Commerce made its final determination, confirming that there were instances of dumping and subsidies concerning crystalline silicon photovoltaic cells and modules exported from China to the United States.
October 2012
The EU requested countervailing investigations against China's PV industry in Europe.
In response, China launched a counterattack: the Ministry of Commerce began a double anti-investigation against South Korea, the United States, and the European Union.
July 2012
The Chinese Ministry of Commerce confirmed the initiation of a double anti-case against the United States in the polysilicon sector and also initiated an anti-dumping investigation against South Korea.
November 2012
The Ministry of Commerce of the People's Republic of China decided to conduct countervailing and anti-dumping investigations on imported solar-grade polysilicon originating from the European Union. This would be combined with previous "double anti" investigations conducted on polysilicon products from the United States and South Korea.
Caught between the European debt crisis and rising global trade protectionism, China’s PV companies faced significant financial losses. Notably, JA Solar reported losses exceeding $400 million in the first half of 2012, while Suntech Power incurred a $180 million loss in Q2 of the same year.
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