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China proposes export caps to solve solar dispute with EU

China has proposed to limit the volume of annual solar panel exports to the EU to set a minimum price and sell their products in an effort to solve a potentially costly trade dispute between the two sides, "Shanghai Securities News" reported on Friday.
Under the proposal, China will export a year to the EU PV modules does not exceed 10 gigawatts (GW) at 0.5 euros per watt, a minimum price, the newspaper quoted the National Development and Reform Commission, China's top economic planner researcher Wang Liang said .
In return, the EU should be imposed on Chinese solar panels of no-tax or low-tax, the king said in the solar industry conference last Thursday was quoted.
Wang did not immediately comment on the matter.
EU regulators accused Chinese manufacturers of solar panels at prices below cost sales of its products, and began to import Chinese solar panel tariffs last month.
The initial mandate was set at 11.8%, until August 6 will apply. If there is no settlement, the average tax rate will rise to 47.6 percent - in fact hinder China's market access.
In the solar dispute an obvious response, China formally began an investigation this month into European wine in China with sales below cost.
Solar disputes are likely to affect Chinese imports of solar panels, batteries and wafer manufacturers such as Trina Solar, Yingli Green Energy and Suntech Power Holdings 21 27.1 one billion U.S. dollars one billion euros (18 billion pounds) worth.
EU exports to China accounted for solar cells, has been hit hard, the eurozone debt crisis forced the major European countries such as Germany renewable energy subsidy cuts by about half.
 



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