A Closer Look

China | Manufacturing | To dominate the Solar Industry

Huff Post – That the goal of the Chinese is to dominate the global solar and renewable energy industry is clear. A report released in February by the Senate Finance Committee’s Subcommittee on Trade titled “Losing the Environmental Goods Economy to China” provides ample evidence. According to the Subcommittee’s report:

• The U.S. trade deficit in environmental goods with China reached an all-time high in 2011.
• Because of the surge in imports from China, the overall U.S. deficit in environmental goods increased an astonishing 87 percent in that time.
• U.S. imports of solar cells and modules from China went up 135 percent in 2011. Imports of solar cells alone from China shot up more than 300 percent.
• European Union and Japanese exporters of environmental goods are also unfairly losing market share to China.

via Leo Hindery, Jr.: China’s Latest Target in Its Trade War Against American Manufacturing: The U.S. Solar Industry.

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