China's PV industry encounters the "double-reverse" crisis in Europe and America
October 2011
US solar cell manufacturer Solar World is asking for a “double-reverse†survey of 75 Chinese companies.
November 2011
The United States began investigating 75 Chinese PV companies.
March 2012
The US Department of Commerce decided to impose a countervailing duty of 2.9% to 4.73% on China's solar cells exported to the United States.
May 2012
The US Department of Commerce initially imposed a high anti-dumping duty of 31.14% to 249.96% on photovoltaic products imported from China.
September 2012
The EU launched an anti-dumping investigation against China's PV industry in Europe, but did not file a countervailing investigation on China's PV industry in Europe.
October 2012
The US Department of Commerce made a final ruling on the 10th and found that there were dumping and subsidies for crystalline silicon photovoltaic cells and components exported from China to the United States.
October 2012
The EU submitted a request for countervailing investigations against China's PV industry in Europe.
China counterattack: the Ministry of Commerce initiated a double-reverse investigation into South Korea, the United States, and the European Union
July 2012
The Chinese Ministry of Commerce confirmed that it initiated a "double-reverse" case against the United States in the field of polysilicon and initiated an anti-dumping investigation against South Korea.
November 2012
The Ministry of Commerce of the People's Republic of China decided to conduct countervailing investigations and anti-dumping investigations on imported solar grade polysilicon originating in the European Union, and will conduct a combined investigation with the previously conducted "double-reverse" investigations on polysilicon products from the United States and Korea.
Affected by the European debt crisis and the protection of multinational trade, China's PV companies suffered large losses. Among them, Saiwei had lost more than US$400 million in the first half of 2012, and Suntech Power had a loss of US$180 million in Q2 in 2012.
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