Protectionist measures by the US and other Western countries are preventing the introduction of the most advanced technologies, which will come back to haunt them. in the field of renewable energy. This was stated by the head of the Chinese company Arctech Solar Zhou Shijun in an interview with the newspaper Financial Times (FT).
The head of one of China's largest solar equipment groups has urged Western governments to “let the best technology win”. According to him, the industry is negatively affected by “geopolitical tension”.
China accounts for over 80% of global solar production, as the FT notes, the result of years of government investment, intense domestic competition and rapid growth in domestic demand for green technologies in recent years.
Last week, the US sharply increased tariffs on Chinese imports, including electric vehicles and solar panels. According to the White House, the measures are intended to “encourage China to eliminate unfair trade practices related to technology transfer, intellectual property and innovation”. We are talking about tariffs in the amount of 18 billion USD.
Chinese Foreign Minister Wang Yi called unilateral US sanctions and increased tariffs on goods from China as an example of “typical bullying and outrage in modern times. world".