The US Department of Commerce made a final ruling on October 10, which found that there were dumping and subsidies for crystalline silicon photovoltaic cells and components exported from China to the United States. The final result of the United States will undoubtedly make China's PV companies face a serious crisis of survival. The shoe that hung in the air for a long time finally landed, but unfortunately it was not good news.
This ruling by the US Department of Commerce is undoubtedly deeply regrettable. The Chinese Ministry of Commerce quickly responded to the results of the ruling, saying that China is strongly dissatisfied with the results of the ruling and believes that the unfair taxation measures adopted by the US Department of Commerce will harm the interests of Chinese and American exporters and US consumers.
In the context of the constant trade friction between China and the United States, the negative energy generated by this ruling will not only affect Chinese PV companies. Of course, photovoltaic companies bear the brunt of the heavy blow. The US has used trade remedy measures to impose anti-dumping duties and countervailing duties on Chinese companies, or it will attract Chinese counter-measures. So when you come and go, who will finally benefit? The news from the previous time is that China-EU PV trade friction may turn around. Obviously, the trade friction between the two sides is constant and it is not good for anyone. It is a pity that the US business department still holds high the "double-reverse" stick and goes against the trend.
Whether it is a coincidence or not, the recent US actions against Chinese companies have been frequent. In addition to the Chinese government’s repeated anti-dumping and countervailing duty (“double-reverseâ€) investigations and “337 investigations†(the US Section 337) prohibits all unfair competition or any export to the United States. In addition to fair trade practices, a recent focus event was that the US House Intelligence Committee accused China Telecom (microblogging) companies Huawei and ZTE of potentially hurting their national communications security.
We have expressed a clear attitude towards the US telecoms in a discriminatory manner in the editorial of this newspaper. Those attacks that capture the wind and the shadows are essentially driven by the interests of some US interest groups and are a martyrdom. Some people do not want China Telecom companies in the upswing to do much in the US market. With their congressional power, they are blocking the pace of Huawei and ZTE expansion.
A series of "double-reverse" investigations, and the martyrdom of Huawei and ZTE, all imply the trade protection complex of some US interest groups. The trade protection behavior derived from the economic downturn is not difficult to understand, but it is precisely because the entire world economy is in a weak state, and trade protectionism is even more serious.
The World Economic Outlook and the Financial Monitoring Report released by the International Monetary Fund (IMF) recently showed that global economic growth is weak and downside risks are increasing. The "Global Economic Recovery Tracking Indicator" jointly issued by the Brookings Institution and other institutions in the United States believes that the global economic recovery is "precarious" and faces another threat of global recession. Under the decline of the global economy, all economies need to work together to tide over difficulties, not the other way around.
After the global financial crisis in 2008, many global summits, including the G20 summit, are resisting trade protectionism. Opposing trade protectionism, and even one of the core themes of many heavyweight international conferences. Although free trade beliefs and actions are often difficult to agree, in general, economies are still willing to hold high the banner of free trade.
This time, the decline of the global economy has been as difficult as it was in 2008. It is reasonable to say that whether it is from the perspective of bilateral trade or from the common interests of the global economy, China and the United States should emphasize more cooperation rather than friction. Given the position of "Made in China" in the global market, China is likely to become the main target country for US-made friction. However, if the United States repeatedly provokes provocation, creates friction, and constantly hurts the interests of Chinese companies, it will inevitably encounter China's rebound. If the two sides start trading, it will definitely be the outcome of a double defeat, and it will be very unfavorable to the recovery of the world economy.
It is a reality that the cooperation between Chinese and American enterprises is deepening and the interests are getting closer. Starting from the common interests of both sides and starting from the overall situation of promoting global economic recovery, the US should abandon its wrong approach and return to the track of giving Chinese enterprises fair treatment. Whether it is to treat Chinese PV companies, or to treat Chinese telecom companies, it should be done instead of finding reasons, making excuses, and doing things that hurt each other's interests.
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