Europe: China guilty of giving illegal aid to solar industry

By Min Wu

The European Commission has conducted an investigation on China’s solar industry, and Reuters has an interesting piece on the results. The Commission has found that China broke World Trade Organization rules by handing out cheap loans, land, interest-free credit lines, and tax breaks to its companies.

However, Chinese companies told Reuters that economies of scale, not illegal subsidies, are what allow them to sell at lower prices than their European rivals. China has also accused Europe of subsidizing its solar industry by giving aid to final users of solar energy.

Read more at Reuters.