China plans more solar subsidies

China plans more solar subsidies

The Chinese government plans to further subsidize its solar industry, which  will hurt U.S. manufacturers even more.

The Coalition for American Solar Manufacturing, which pushes for U.S. tariffs on Chinese solar cells and panels, released translations of five-year plans that call for rapid development of China's industry. Managers of SolarWorld, which employs 1,000 in Hillsboro, say Beijing is waging a trade war, undercutting and bankrupting U.S. solar manufacturers. 
Beijing's latest five-year plans, for the 2011-2015 period, go beyond the silicon-based products covered by the coalition's trade complaint against China, calling for development of so-called thin-film panels and other advanced solar technology. One plan calls for the government to engineer mergers that would rescue ailing solar companies and help large ones, creating and supporting national champions.

Read more at OregonLive.com.

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