SHIJIAZHUANG -- The European Commission will soon decide whether to start an investigation into Chinese photovoltaic companies after some European solar enterprises filed an anti-dumping complaint in July.
In the face of the current global economic woes, most of the Chinese PV companies have suspended production this year. On July 24, Germany's SolarWorld and some European enterprises filed an anti-dumping complaint with the European Commission.
Some industry insiders believe that once the EU accepts the complaints, and decides to initiate an investigation, a large number of Chinese PV companies will face the risk of bankruptcy, while the whole industry, as well as economy and the society will be seriously affected.
Worries and risks
Zeng Shaojun, secretary general of China New Energy Chamber of Commerce under All-China Federation of Industry and Commerce said the investigation will include all homemade PV products, totaling nearly 1,000 billion yuan ($158 billion), which equates to the volume of imported vehicles from Europe to China in 2011.
Therefore,if the EU rules whether dumping behaviors exist and begin to raise tariffs, the trade, policy, economy and society of both China and European countries will be affected, Zeng added.
In addition, China's solar product exports were valued at $35.8 billion in 2011, with the EU receiving a share of more than 60 percent, reaching $20.4 billion.
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