“One of the world’s top two solar cell and panel producers, targeted last year by US trade sanctions, Suntech said it had already entered an agreement with 60 percent of the bond holders to hold off legal claims while a debt restructuring can be negotiated. The European Union began an anti-dumping investigation into Chinese solar panels in September last year, followed by an anti-subsidy probe in November. The United States last October confirmed hefty anti-dumping and anti-subsidy duties on Chinese solar cell makers, adding to trade tensions between the two economic powers.”
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