The New York Times reports today that the new US antidumping and countervailing duty investigations of Chinese solar panels is proceeding exactly as expected - by everyone other than the folks who petitioned for the case, of course:
Petra Solar is a solar energy technology company that pairs its "smart energy modules" with other vendors' solar panels, creating a reliable, cost-effective solution to convert solar energy into electricity.
BEIJING (Reuters) - China's commerce ministry called on the United States on Sunday to stop anti-dumping investigations into imports of solar power products from China, expressing "serious concern" and vowing to defend its producers.
Recent price action amid the heavily shorted solar stocks has seemingly been predicated on hope that late May chatter of negotiated settlements in the industry would occur and everyone could go happily about their business.
Taiwan, known as the republic of China, collaborates deeply with its larger neighbour in global high tech supply chains, and it is only natural that as China faces 31% tariffs on solar cells they export to the US, they will turn to Taiwan for help.Daniel Tzeng from Fubon Securities said that he has already noticed the many Taiwanese solar manufacturers have already experienced an increase in orders from China, and share prices have also risen recently due to optimism that the nations solar industry will grow considerably.Aaron Chew of Maxim Group…
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