Four major PV industry organizations jointly rebutted US-enterprise double-reverse applications
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Around November 8th, the US Department of Commerce decided whether to apply for a "double-reverse" application. Yesterday, Li Junfeng, chairman of the Renewable Energy Committee of the China Resources Comprehensive Utilization Association, told the China Business News that the purpose of issuing the joint statement at this time was not only to call on the United States not to file a case, but also to hope that relevant Chinese government departments and large enterprises could Stand up and actively lobby the US government and companies.
On October 19th, Solarworld and other seven US PV manufacturers filed applications with the US Department of Commerce and the US International Trade Commission for anti-dumping and countervailing investigations on Chinese solar photovoltaic cells exported to the United States and adopted trade restrictions.
If the above complaint is filed by the US government, Chinese PV companies may face up to 100% anti-dumping duties. "According to the current profit level of Chinese companies, only a 10% increase in tariffs will cause disasters." Li Junfeng said. He also said that with past experience, the US and Europe's unilateral litigation against China, if it is true, Chinese companies have little chance of winning.
Li Junfeng said that China's PV companies import more than 5 billion yuan of related equipment and raw materials from the United States each year, while exports are less than 2 billion yuan. Therefore, in the photovoltaic industry, China has a trade deficit with the United States. If the "double opposition" is filed, it will not only affect the export of Chinese PV companies, but also cause the United States to lose thousands of jobs.
Gao Hongling, deputy secretary general of China Photovoltaic Industry Alliance, said that China Resources Comprehensive Utilization Association Renewable Energy Professional Committee (CREIA), China Renewable Energy Society Photovoltaic Professional Committee (CPVS), China Renewable Energy Society Industrial Work Committee, China's photovoltaic industry The four major PV industry organizations of the Alliance (CPIA) have more than 500 PV companies, and industry associations are organizing major Chinese PV companies, including Suntech Power (STP.NYSE), to discuss strategies.
Li Junfeng also revealed that the Fair Trade Bureau of the Ministry of Commerce is actively preparing for the "double-reverse" investigation. According to the reporter, many Chinese PV companies are observing the progress of the US “double-reverse†and actively preparing for countermeasures. Some have also hired relevant lawyers in the United States.
For the Chinese PV industry, there is a worry about the “double-reverse†of the United States, and the internals are also facing the problem of overcapacity.
According to market sources, one-third of China's PV companies are in a state of suspension and semi-discontinuation, and Li Junfeng agrees. He said that although the market demand for photovoltaic industry in China has increased by more than 30% every year in recent years, the capacity expansion rate of photovoltaic industry is as high as 100% every year, which has caused enterprises to fall into the trap of growth. Regardless of whether the US “double-reverse†application can be filed, China's PV companies must compress capacity and rationally adjust production plans.
Gao Hongling also told reporters that the profits of the global photovoltaic industry are declining. The major domestic PV companies are discussing how to “winterâ€, and the photovoltaic industry is now the time to “survive the fittestâ€.