US solar group petitions against China firms’ overseas plants including in Malaysia
Chinese firms dominate the manufacture of photovoltaic panels, which is a multi-step process often done in separate factories that can be located in different provinces or even countries.
ATTORNEYS advising a group of U.S. solar manufacturers said it filed petitions requesting federal investigations into Chinese firms circumventing tariffs by manufacturing in other countries including Malaysia, Vietnam and Thailand.
The group -- called the American Solar Manufacturers Against Chinese Circumvention -- filed the petitions with the U.S. Department of Commerce, according to Wiley Rein LLP, a Washington D.C. law firm advising the companies. Spokespersons for the department didn’t immediately respond to emailed requests for comment sent outside of normal working hours.
Chinese firms dominate the manufacture of photovoltaic panels, which is a multi-step process often done in separate factories that can be located in different provinces or even countries. Several companies have opened plants in other nations in recent years for the last stage, assembling the solar modules.
The petitions argue that this creates an obvious route to circumvent U.S. tariffs against Chinese solar products. The industry group is asking for the extension of those tariffs to cover products from factories built by Chinese companies in Southeast Asia.
The call from the American companies comes amid increased U.S. pressure against China’s solar industry as the Biden administration cracks down on alleged labor abuses in the Xinjiang region. Canadian Solar Inc. warned this week that all panel imports from China risk being detained by U.S. Customs.
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kt notes:
So American companies don't have overseas factories in Vietnam, Thailand, Indonesia etc etc etc?
5000 yo Bullyland has long been manipulating its currency Yuan vs USD in order to make its goods cheaper. Is this how a economic power “fights”? By currency manipulation? If so powerful float lah your Yuan.
ReplyDeleteBlurred mfer, u do know fart about currency manipulation techniques!
DeleteRMB or Yuan isn't tradable in oversea foreign exchange market.
So how to manipulate the Yuan exchange rate when most of the goods r quoted in US dollar?
U clearly know that Yuan isn't 'float' - meaning no tradable base yet u still fart as no tomorrow about Yuan manipulation!
Wow! Wow!!
Knowing nothing parade at the nth order - just to syiok yr f*cked ego.
QUOTE
ReplyDeleteThe Impact of China Devaluing the Yuan in 2015
By THE INVESTOPEDIA TEAM
Reviewed by MICHAEL J BOYLE Updated Jun 30, 2021
On August 11, 2015, the People’s Bank of China (PBOC) surprised markets with three consecutive devaluations of the Chinese yuan renminbi (CNY), knocking over 3% off its value. Since 2005, China's currency had appreciated 33% against the U.S. dollar.
The first devaluation marked the most significant single drop in 20 years. The move was unexpected, and many believed it was a desperate attempt by China to boost exports in support of an economy that was growing at its slowest rate in decades. However, the PBOC claimed that the devaluation was part of its reforms to move toward a more market-oriented economy. The move had substantial repercussions worldwide.
After a decade of steady appreciation against the U.S. dollar, investors had become accustomed to the yuan's stability and growing strength.
China’s President Xi Jinping had pledged the government’s commitment to reform China’s economy in a more market-oriented direction since he first took office in March 2013.
Despite the IMF response, many doubted China’s commitment to free-market values, arguing that the new exchange rate policy was still akin to a managed float.
The negative impact of currency devaluations on relations with the U.S. also contributed to China briefly being labelled as a currency manipulator in 2019 and early 2020.
UNQUOTE
Wakakakakakaka…
DeleteTruly know-nothing fart about Yuan control mechanism!
The devalued Yuan ONLY affect imported items - be they manufactured goods, raw materials, foodstuffs - that the Chinese spent on! The Chinese r paying more!
Foreigners buying Chinese goods r still paying US dollar which has a market orientated float exchange. The Chinese can't manipulate that US$ float exchange rate by devalue his Yuan which is ONLY tradable within China!
Ooop… forgetting u only do c&p trashes w/o clearly understanding the issues involved. U r just a typically anglosphere twisted purviews diehard promoter!
The American factories, in Penang, for example, are major industrial investments. The LAM Research plant recently opened in Batu Kawan is a cool $ 1Billion US dollar plant.
ReplyDeleteChina solar plants in Malaysia , like JA Solar and Jinko
Solar are just small light industrial plots , employ a few hundred Indonesians , turn dozens of assembly screw drivers, and pack the products as Made In Malaysia.
No wonder they are likely to attract punitive duties as dishonest attempts to circumvent anti-dumping tariffs.
Wakakakakaka…
DeleteSo u think the Yank would truly built an advanced R&D plant anywhere in the world!
The LAM Research in Penang is ONLY an assembly plant for semiconductors. Not even a silicon foundry can be found inside. Just like Intel Penang or Motorola Sungaiway!
A 1Billion US dollar plant for semiconductor is nothing to shout about. The clean room feacilities for iso7 & iso8 requirements + the high precision assembly equipment easily take up bulk of the money.
No other country in the world now can fabricate the 3 types - monocrystalline, polycrystalline, and thin-film solar module except China!
Those plants in US & Germany all went burst due to keen competitions from China.
Even Tesla solar roof is using solar module made in China. & Tesla assembly those panel in US!
Old moneyed mfer, the more u fart about trades & dirty trade practices, the more yr know-nothingness shows!
Remember - keep to yr family heirloom it wouldn't last for another generation!