![]() In June, the Biden administration agreed to wave tariffs on solar panels from the four countries caught up in the probe for two years, a major win for the Chinese industry. The hoarding may have had the desired effect. These four countries supply roughly 80% of the panels in the U.S., and the uncertainty has placed utilities in a bind. tariffs by building panels in Southeast Asia using Chinese materials. That probe, which has inspired the ire of both the public and the private sector, is examining whether solar companies operating out of Cambodia, Malaysia, Thailand and Vietnam are evading long-standing U.S. The reason: a Commerce Department probe into solar suppliers in the region that's ongoing. This appears to confirm the suspicions of the utility NextEra, whose chief financial officer Kirk Crews said on an earnings call in April that Chinese multinational companies in Southeast Asia were withholding shipments of both solar modules and the cells that comprise them. ![]() The Chinese Industrial Ministry called out hoarding, saying in a notice issued Wednesday that the practice is “strictly prohibited” and that there is an “urgent need to deepen industry management” in what is the world's largest solar manufacturing market. ![]() He lives in San Francisco with his wife Diane and his puppy, Luna. David is a Senior Fellow at the Foreign Policy Research Institute, a Research Associate at the University of Pennsylvania's Center for the Study of Contemporary China, a Member of the National Committee on U.S.-China Relations, and a Truman National Security fellow. In 2019, David joined Protocol's parent company and in 2020, launched POLITICO's widely-read China Watcher. Thereafter, he was Entrepreneur in Residence at the Lenfest Institute for Journalism, which owns the Philadelphia Inquirer. David then served as Senior Editor for China at Foreign Policy magazine, where he launched the first Chinese-language articles in the publication's history. After four years working on international deals for top law firms in New York and Hong Kong, David co-founded Tea Leaf Nation, a website that tracked Chinese social media, later selling it to the Washington Post Company. ![]() He also hosts POLITICO's China Watcher newsletter. David is a widely cited China expert with twenty years' experience who has served as a Peace Corps Volunteer in China, founded and sold a media company, and worked in senior positions within multiple newsrooms. IPOs due to regulatory pressure include fitness tech company Keep, medical data company LinkDoc Technology and podcasting platform Ximalaya FM.ĭavid Wertime is Protocol China's former executive director. Following DiDi's market debut, the Cyberspace Administration of China began an investigation into its data security and ordered it to halt new user registrations in China.Īccording to reporting by the Financial Times, other Chinese tech companies who have delayed, reconsidered or canceled U.S. The firm, worth at least $180 billion per a recent funding round, was mulling an offering in the United States or Hong Kong but paused after Chinese officials asked the company to look into data security risks, the Journal reports.īyteDance's path offers a marked contrast with ride-hailing giant DiDi, which reportedly went ahead with an IPO on the New York Stock Exchange in early July after being urged by the country's Cyberspace Administration not to proceed. According to reporting from The Wall Street Journal, Chinese tech giant ByteDance decided to delay its much-anticipated IPO earlier this year at the urging of regulators in Beijing.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |