China Moves to Defuse Trade Row With US Over Green Technology

China tried to defuse a trade row with the United States over wind technology on Thursday, as bilateral rivalries threatened to dash global hopes for green energy co-operation.
Officials in Beijing said they were willing to discuss incentives for turbine manufacturers, which the Obama administration described as "illegal subsidies" in a request for talks on the subject at the World Trade Organisation.

The US claims China has given an unfair advantage to domestic firms by channelling hundreds of millions of dollars to them through a special fund established in 2008.
The United Steelworkers union (USW) is frustrated that this weakens the competitiveness of US firms such as General Electric in a Chinese market that has doubled in size almost every year since 2005 and is now the biggest in the world in terms of generating capacity. more>>
Courtesy: guardian.co.uk