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China and EU step towards trade peace

China and the EU have resolved a dispute over the pricing of a key component in solar panels, bringing an end to another trade battle between Brussels and Beijing ahead of a European tour by China’s president later this month.

The deal announced by Germany’s Wacker Chemie AG and China’s ministry of commerce sets a minimum price for European-produced polysilicon that Beijing had accused European producers of dumping on the Chinese market.

The move comes just months after China renewed its anti-dumping penalties on US and South Korean polysilicon producers. It also follows a US decision to expand a probe into the dumping of Chinese solar panels on the US market.

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