Chinese checkers: China to probe U.S. clean energy subsidies

Chu on this.

The Financial Times reports,

China has launched a trade probe into US subsidies for renewable energy, the latest volley in a quickly escalating trade dispute over clean energy policies between the world’s top two energy users.

China’s Ministry of Commerce announced on Friday that it would investigate US government support for clean energy and could file a case with the World Trade Organisation, depending on its findings…

Gao Hongling, deputy secretary-general of the China Photovoltaic Industry Alliance, said in an interview before the probe was announced that a potential trade war would hurt both sides.

“If we launch countermeasures, American raw material and equipment firms will take a very big hit,” she said, adding that China imported $830m of polysilicon from the US last year.

Read the full Financial Times article.

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