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Research confirms massive Chinese energy subsidies to steel industry

Clipped to the Drawing Board by Barot Casha  

Washington DC, January 8, 2008 – According to a new report commissioned by the Alliance for American Manufacturing (AAM), the Chinese government has exponentially boosted its steel output over the last three years through massive, trade-distorting energy subsidies . Total energy subsidies to Chinese steel from 2000 to mid-year 2007 reached $27.11 billion. Despite China’s entry to the World Trade Organization (WTO) in 2002, energy subsidies grew, totaling $25.07 billion through mid-year 2007

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Powered by JoomlaCommentCopyright (C) 2006 Frantisek Hliva. All rights reserved.Homepage: http://cavo.co.nr/

Monday 14 January, 2008 06:09 AM
 
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