UPI en Español  |   UPI Asia  |   About UPI  |   My Account
Search:
Go

China offers tax breaks for solar manufacturers

  |
 
Published: Sept. 30, 2013 at 6:17 AM

BEIJING, Sept. 30 (UPI) -- The Chinese government said manufacturers of solar power products will get tax breaks in an effort to push the low-carbon energy sector forward.

The Ministry of Finance announced Sunday that solar product vendors will get a 50 percent refund on value-added taxes for self-produced goods, the official Xinhua News Agency reported.

The tax-credit measure enters into force Tuesday.

The government in August offered a 7 cent per kilowatt-hour subsidy for solar power stations in the country.

The United States and European Union have said Chinese manufacturers of solar products are getting an unfair advantage in their respective markets.

EU Trade Commissioner Karel De Gucht announced in July the bloc reached an "amicable solution" in a solar trade dispute with China.

The EU planned to impose duties on Chinese solar panels in response to allegations they were sold on the European market at below market cost. Officials said the Chinese government targeted the European wine industry in response.

Chinese-manufactured solar products account for more than half of the global market.

Topics: Karel de Gucht
© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.

Order reprints
Join the conversation
Most Popular Collections
New York Fashion Week 2013 U.S. Open 2013 50th anniversary of the March on Washington
Celebrity families of 2013 MTV VMAs 2013 Style Awards
Additional Energy Resources Stories
Video
1 of 18
Obama visits Sandwich Shot in Washington, D.C.
View Caption
President Barack Obama and Vice President Joe Biden order take-out lunch at Taylor Gourmet on Pennsylvania Avenue, in Washington, D.C. on October 4, 2013. The reason he gave was they are starving and the establishment is giving a 10 percent discount to furloughed government workers as an indication of how ordinary Americans are looking out for one another. UPI/Pete Marovich/Pool
fark
Police reveal greatest crime fighting weapon yet - Simon Cowell and dancing celebrities
Congratulations to Steve Jobs. Two years cancer free
Thanksgiving and the first day of Hanukkah will fall on the same date in 2013: Nov. 28. Are you...
FARK party in Chicago. Monday, October 7. Going to the Art Museum, getting pizza and drinking (OF...
If you leave your purse behind at a Foot Locker and it's got your cocaine inside, just let it go....
Catholics in America love the new pope. Catholic bishops in America, not so much