"We have enjoyed double-digit growth since January and orders have been booked up for the whole year," said Zhang Zhongliang, executive general manager of Jiangxi Risun Solar Co., Ltd, a PV cell and module manufacturer.
Overcapacity, over-dependence on overseas markets and inadequate development in the domestic market have troubled the industry since the beginning of last year, as overseas demand for Chinese PV products shrank significantly during the global economic downturn.
The punitive duties imposed by the EU since June dealt another blow to the struggling PV industry, as it relies heavily on the European market.
On June 6, the EU imposed an interim anti-dumping duty of 11.8 percent on imports of all Chinese solar panel products, including panels, cells and wafers. The duties will be raised to an average of 47.6 percent two months after they were first imposed if both sides fail to negotiate a better deal.
"The negotiations are ongoing," said Zhou Dalin, deputy director-general of the bureau of fair trade for imports and exports under the Ministry of Commerce.
"We have the basis of reaching an agreement. A scheme that both sides can accept will be mutually beneficial," Zhou said.
"China needs the EU market and the EU needs cheap PV products from China," he said.
China’s weekly story
(2013.7.5-7.12)
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