Testing US-China solar bonds

The solar trade battle between the US and China still has a fair way to run, with the American decision last week just a prelude to what could be a testy period in the relationship.

Last week saw the US Department of Commerce impose preliminary countervailing duties on Chinese cells and modules. The decision was widely anticipated but the lower-than-expected duties caused the share price of China's JA Solar Holdings, the world's largest solar cell maker, to surge 4.4 per cent on March 20 – the day of the announcement.

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