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A Chinese official warns the U.S. probe into China's green-energy subsidies will backfire -...

A Chinese official warns the U.S. probe into China's green-energy subsidies will backfire - because it will force Washington to unveil its support for American renewables firms. Zhang Guobao, head of China's National Energy Bureau, says Beijing subsidies are tiny compared to the billions the U.S. pours into alt-energy firms.
Comments (15)
  • Ricard
    , contributor
    Comments (3829) | Send Message
     
    1) the link doesn't work.

     

    2) Not sure how it would backfire. The US probe is probably meant to pander to American audiences, and as long as they are kept ignorant about America's own policies on the matter, it will accomplish its mission - scapegoating China on matters pertaining to the US economy. I mean, if WMD in Iraq worked, who's to say that this wouldn't?
    17 Oct 2010, 04:21 PM Reply Like
  • SA Editor Eli Hoffmann
    , contributor
    Comments (695) | Send Message
     
    Ricard,

     

    I tried the link again and it worked. It takes me, correctly, here:

     

    www.google.com/hostedn...
    17 Oct 2010, 04:25 PM Reply Like
  • Ricard
    , contributor
    Comments (3829) | Send Message
     
    Ok, thanks. Apparently I think like a Chinese official:

     

    "Zhang speculated that the US probe was called to play to a domestic audience as America heads to the polls next month for midterm elections.

     

    "I was very much astonished at it, wondering what the United States wants. Do they want fair trade, a normal dialogue or transparent information?" he said.

     

    "Judging from the procedures, I believe (politicians of) the United States are more willing to get votes," Zhang said."

     

    I also highly doubt the efficacy of the following statement:

     

    "[the united steelworkers union] also accused China of providing more than 216 billion dollars' worth of subsidies to green technology makers"

     

    That's 5% of Chinese GDP. Proportionally, that would be more than China or the US spends on its military.
    17 Oct 2010, 04:36 PM Reply Like
  • Jasper M
    , contributor
    Comments (1652) | Send Message
     
    Sir, are you implying . . . do you DARE? . . . that an American labor union might be (reverb on) MISTAKEN?!?
    17 Oct 2010, 05:50 PM Reply Like
  • techniques
    , contributor
    Comments (22) | Send Message
     
    Good, let it backfire and end it for both countries.
    17 Oct 2010, 05:58 PM Reply Like
  • Hendershott
    , contributor
    Comments (1497) | Send Message
     
    Just a few I recall....these are all "loans" mostly from China Development Bank Corporation (state owned); LDK $8.9 billion, STP $7.4 billion, YGE $5.3 billion and TSL $4.4 billion. There is also money to build solar power plants as long as the modules come from specified companies. I own some Chinese solar power companies because they Government supports them. It does make them difficult to compete with.
    17 Oct 2010, 06:29 PM Reply Like
  • surfgeezer
    , contributor
    Comments (6672) | Send Message
     
    I owned STP a few years ago. My advice get out- because the government subsidizes them returns will be limited to currency appreciation.
    18 Oct 2010, 03:23 AM Reply Like
  • mna
    , contributor
    Comments (346) | Send Message
     
    I'm all for fair trade, but I'm afraid the US doesn't have a leg to stand on in this case. Personally I think the US has a much stronger position on the undervaluation of the Yuan, than on this so-called 'green' subsidy.

     

    The US also subsidizes multiple industries including renewable energy. Furthermore, the Chinese face a much more serious environmental problem than the US. It makes a lot of sense for them to want to build up their clean energy expertise, if only to clean up their own backyards. Also, weren't we complaining that the Chinese weren't doing anything at Climate summit at Copenhagen? They now decide to invest in renewable energy and now we toss them a lawsuit crying illegal subsidy? How's that for hypocrisy?

     

    Frankly, it sounds a lot like Union whining. It's a motto for these unions: When you can't compete, whine. Who cares about American competitiveness, as long as they get a piece of the pie?
    17 Oct 2010, 07:20 PM Reply Like
  • spald_fr
    , contributor
    Comments (2702) | Send Message
     
    [A Chinese official warns the U.S. probe into China's green-energy subsidies . . .]

     

    The probe will find that all of the infamous 'greenshoots' are in China.
    17 Oct 2010, 09:00 PM Reply Like
  • Econdoc
    , contributor
    Comments (2944) | Send Message
     
    United Steelworkers.

     

    Not content with wrecking the US Steel industry now spareads its wings to seize on other targets.

     

    More union pandering by the Ocarter administration. What a disaster this fellow is tourning out to be.

     

    E
    17 Oct 2010, 11:05 PM Reply Like
  • Angel Martin
    , contributor
    Comments (1291) | Send Message
     
    Econdoc, just for you...

     

    gatewaypundit.firstthi...
    18 Oct 2010, 09:28 AM Reply Like
  • ebworthen
    , contributor
    Comments (2811) | Send Message
     
    "Oh yes, our subsidies much smaller, like tiny spicy chicken, rike steel and heavy metals subsidies, wre not frood de mahket rike Amerikans".

     

    Yeah, sure.

     

    You all don't believe what China says, do you?
    17 Oct 2010, 11:31 PM Reply Like
  • jsIRA
    , contributor
    Comments (2423) | Send Message
     
    No subsidies, no solar industry.

     

    Solar just too expensive now to compete with mature energy products such as oil, coal, natural gas.

     

    US becomes the world number one country to provide subsidies this year for clean energy products such as solar panel, etc.
    18 Oct 2010, 12:00 AM Reply Like
  • Richard Mackenzie
    , contributor
    Comments (453) | Send Message
     
    If China came up with a cure for cancer, and started subsidizing a company to produce it, would the U.S. complain about the subsidy and demand that the company be shut down. Yes.

     

    We should all be subsidizing things that are good/better for the human race. Green energy subsidies, if made by China, at least don't have to be made by us. Let them pay to make it more economically feasible. Somebody has to...

     

    Maybe there should be a list of things that we can all agree to NOT complain about when someone wants to help them succeed.
    18 Oct 2010, 07:59 AM Reply Like
  • Hendershott
    , contributor
    Comments (1497) | Send Message
     
    I used to own STP as well, government support keeps them in business but doesn't necessarily make money for the shareholders. Meanwhile YGE and TSL came up with modules that make more power for the price. It's only partial capitalism in China.
    20 Oct 2010, 07:20 PM Reply Like
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