"China Bends To U.S. Complaint on Solar Panels But Plans Retaliation"

"HONG KONG — Chinese solar panel makers plan to shift some of their production to South Korea, Taiwan and the United States in hopes of defusing a trade case pending against them in Washington, according to industry executives. But at the same time, the Chinese industry is considering retaliating by filing a trade case of its own with China’s Commerce Ministry."

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The most likely target would be American exports to China of polysilicon — a prime ingredient in solar panels — Chinese industry executives and officials said on Monday. American manufacturers exported about $873 million of polysilicon to China last year, nearly as much in dollar terms as the value of the solar panels that China shipped to the United States.

The Chinese moves come after the United States Commerce Department opened a trade case against China’s solar panel makers earlier this month, at the request of SolarWorld Industries America and six other American solar companies."

Keith Bradsher Reports for the New York Times November 21, 2011.

Source: NY Times, 11/22/2011