The US vs China WTO Situation
Unsurprisingly the Chinese are coming back over the same issue and taking American subsidies to the WTO the same way that Americans took China over the very same thing a few weeks ago. The result is predictively that the whole industry will suffer.
According to the WTO subsidies are legal therefore the complain that the PV industry made was out of place. Now with China retaliating in what is obviously a political protectionist measure which they each want the WTO to ratify, the whole industry might suffer as a result. An eye for an eye, everybody blind.
The PV industry haven´t managed to get their case through to the EU commission at the moment, and they are said to be unlikely to succeed due to the fact that the EU are heavily reliant on Chinese money to get out of the latest crisis. Let´s hope that common sense prevails in Europe at least, even if for the wrong reasons.
The news piece in the FT today: http://www.ft.com/cms/s/0/22d9033e-174b-11e1-b20e-00144feabdc0.html#axzz1eipEdROd