US wants China to reciprocate green energy subsidies

Source: AFP

SHANGHAI — US Energy Secretary Steven Chu said on Monday China should allow foreign companies to qualify for its subsidies aimed at encouraging renewable energy projects.

Chu said foreign firms, including Chinese companies, qualify for US clean energy subsidies but barriers, such as Beijing's local content requirements, exclude US companies from receiving government help in China.

"The United State recognises the right of China to give subsidies just as we use subsidies... but in the United States, we make a point of including all industries," Chu told reporters on a visit to Shanghai.

"We would ask China to consider the same reciprocity, namely if a foreign company wants to come to China to set up manufacturing and production that it would be open to the same kind of help," he said.



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