US holds surplus in clean energy trade
Source: Xinhua |
March 8, 2013, Friday
|
Print Edition
Print Edition
AMERICAN companies had a US$1.6-billion trade surplus in clean energy trade with China in 2011, according to a report by the Pew Charitable Trust.
The report, Advantage America: The US-China Clean Energy Trade Relationship in 2011, found that the United States and China traded over US$8.5 billion worth of clean energy goods and services in 2011, the latest year for which data are available.
The report prepared by the independent non-profit organization concluded that America's clean energy trade strength is derived from innovation and entrepreneurship, while China's clean energy industry has an advantage in large-scale manufacturing and high-volume assembly of certain clean energy products.
However, tensions have been highlighted in recent years by fiercely competitive market conditions affecting companies in both countries as well as several high-profile trade cases.
In solar energy, the largest component of clean energy trade for both countries, firms traded more than US$6.5 billion of products and services in 2011. Chinese firms sell large quantities of finished solar cells and modules to the US, from whom China then buy high value-added goods and services, such as polysilicon and wafers, as well as high-tech materials and equipment needed in solar making. On a net basis, the US enjoyed a US$913-million surplus in the solar sector.
But the Commerce Department has levied steep duties on crystalline silicon photovoltaic cells and modules from China since last year, saying that their dumping margins range from 18.32 percent to 249.96 percent and they received countervailable subsidies of 14.78 percent to 15.97 percent.
In wind energy, over US$923 million of goods and services were exchanged between the two countries in 2011. Overall, US firms held a net trade surplus of over US$146 million.
The report, Advantage America: The US-China Clean Energy Trade Relationship in 2011, found that the United States and China traded over US$8.5 billion worth of clean energy goods and services in 2011, the latest year for which data are available.
The report prepared by the independent non-profit organization concluded that America's clean energy trade strength is derived from innovation and entrepreneurship, while China's clean energy industry has an advantage in large-scale manufacturing and high-volume assembly of certain clean energy products.
However, tensions have been highlighted in recent years by fiercely competitive market conditions affecting companies in both countries as well as several high-profile trade cases.
In solar energy, the largest component of clean energy trade for both countries, firms traded more than US$6.5 billion of products and services in 2011. Chinese firms sell large quantities of finished solar cells and modules to the US, from whom China then buy high value-added goods and services, such as polysilicon and wafers, as well as high-tech materials and equipment needed in solar making. On a net basis, the US enjoyed a US$913-million surplus in the solar sector.
But the Commerce Department has levied steep duties on crystalline silicon photovoltaic cells and modules from China since last year, saying that their dumping margins range from 18.32 percent to 249.96 percent and they received countervailable subsidies of 14.78 percent to 15.97 percent.
In wind energy, over US$923 million of goods and services were exchanged between the two countries in 2011. Overall, US firms held a net trade surplus of over US$146 million.
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