Wednesday, May 29, 2013

China's top paper says EU solar probe "bean counting"

China's top newspaper condemned a plan by the European Union to levy hefty duties on its solar panel exports on Wednesday as "bean counting" being driven by EU bodies as a selfish way of pushing their own agendas.

The European Commission, the EU's executive, accuses China of flooding Europe with cheap solar panels sold at below the cost of production, and it intends to impose duties.

That has prompted energetic lobbying from Beijing against the move and divisions have emerged in Europe on the issue, foreshadowing a bruising internal battle over how to respond to China's trade practices.