Council Implementing Regulation (EU) No 1239/2013 of 2 December 2013 imposing a definitive countervailing duty on imports of crystalline silicon photovoltaic modules and key components (i.e. cells) originating in or consigned from the People's Republic of China

COUNCIL IMPLEMENTING REGULATION (EU) No 1239/2013

of 2 December 2013

imposing a definitive countervailing duty on imports of crystalline silicon photovoltaic modules and key components (i.e. cells) originating in or consigned from the People's Republic of China

Article 1

The following product types are excluded from the definition of the product concerned:

• —solar chargers that consist of less than six cells, are portable and supply electricity to devices or charge batteries,

• —thin film photovoltaic products,

• —crystalline silicon photovoltaic products that are permanently integrated into electrical goods, where the function of the electrical goods is other than power generation, and where these electrical goods consume the electricity generated by the integrated crystalline silicon photovoltaic cell(s),

• —modules or panels with a output voltage not exceeding 50 V DC and a power output not exceeding 50 W solely for direct use as battery chargers in systems with the same voltage and power characteristics.

Company	Duty rate	TARIC additional code
Wuxi Suntech Power Co. Ltd; Suntech Power Co. Ltd; Wuxi Sunshine Power Co. Ltd; Luoyang Suntech Power Co. Ltd; Zhenjiang Ren De New Energy Science Technology Co. Ltd; Zhenjiang Rietech New Energy Science Technology Co. Ltd,	4,9 %	B796
Yingli Energy (China) Co. Ltd; Baoding Tianwei Yingli New Energy Resources Co. Ltd; Hainan Yingli New Energy Resources Co. Ltd; Hengshui Yingli New Energy Resources Co. Ltd; Tianjin Yingli New Energy Resources Co. Ltd; Lixian Yingli New Energy Resources Co. Ltd; Baoding Jiasheng Photovoltaic Technology Co. Ltd; Beijing Tianneng Yingli New Energy Resources Co. Ltd; Yingli Energy (Beijing) Co. Ltd	6,3 %	B797
Changzhou Trina Solar Energy Co. Ltd; Trina Solar (Changzhou) Science & Technology Co. Ltd; Changzhou Youze Technology Co. Ltd; Trina Solar Energy (Shanghai) Co. Ltd; Yancheng Trina Solar Energy Technology Co. Ltd	3,5 %	B791
JingAo Solar Co. Ltd; Shanghai JA Solar Technology Co. Ltd, JA Solar Technology Yangzhou Co. Ltd; Hefei JA Solar Technology Co. Ltd, Shanghai JA Solar PV Technology Co. Ltd	5,0 %	B794
Jiangxi LDK Solar Hi-Tech Co. Ltd; LDK Solar Hi-Tech (Nanchang) Co. Ltd; LDK Solar Hi-Tech (Suzhou) Co. Ltd,	11,5 %	B793
LDK Solar Hi-Tech (Hefei) Co. Ltd	11,5 %	B927
Delsolar (Wujiang) Ltd	0 %	B792
Renesola Jiangsu Ltd Renesola Zhejiang Ltd	4,6 %	B921
Jinko Solar Co. Ltd Jinko Solar Import and Export Co. Ltd ZHEJIANG JINKO SOLAR CO. LTD ZHEJIANG JINKO SOLAR TRADING CO. LTD	6,5 %	B845
Companies listed in the Annex	6,4 %
All other companies	11,5 %	B999  [^E0108]

[^E0108]: (¹)Companies listed in Annex II to the parallel anti-dumping Council Implementing Regulation (EU) No 1238/2013 (see page 1 of this Official Journal) shall have the TARIC additional code referred to therein.

Article 2

• (a)a company listed in the Annex to Implementing Decision 2013/707/EU manufactured, shipped and invoiced directly the products referred to above or via its related company also listed in the Annex to Implementing Decision 2013/707/EU either to their related companies in the Union acting as an importer and clearing the goods for free circulation in the Union or to the first independent customer acting as an importer and clearing the goods for free circulation in the Union;

• (b)such imports are accompanied by an undertaking invoice which is a commercial invoice containing at least the elements and the declaration stipulated in Annex 2 of this Regulation;

• (c)such imports are accompanied by an Export Undertaking Certificate according to Annex 3 of this Regulation; and

• (d)the goods declared and presented to customs correspond precisely to the description on the undertaking invoice.

• (a)whenever it is established, in respect of imports described in paragraph 1, that one or more of the conditions listed in that paragraph are not fulfilled; or

• (b)when the Commission withdraws its acceptance of the undertaking pursuant to Article 13(9) of Regulation (EC) No 597/2009 in a Regulation or Decision which refers to particular transactions and declares the relevant undertaking invoices as invalid.

Article 3

The companies from which undertakings are accepted by the Commission and whose names are listed in the Annex to Implementing Decision 2013/707/EU and subject to certain conditions specified therein, will also issue an invoice for transactions which are not exempted from the anti-subsidy duties. This invoice shall be a commercial invoice containing at least the elements stipulated in Annex 4 of this Regulation.

Article 4

Registration of imports resulting from Regulation (EU) No 182/2013 making imports of crystalline silicon PV modules and key components (i.e. cells and wafers) originating in or consigned from the People's Republic of China subject to registration shall be discontinued.

Article 5

This Regulation shall enter into force on the day following that of its publication in the Official Journal of the European Union.

It shall expire on 7 December 2015.

This Regulation shall be binding in its entirety and directly applicable in all Member States.

ANNEX 1

Name of the Company	TARIC additional code
Anhui Schutten Solar Energy Co. Ltd Quanjiao Jingkun Trade Co. Ltd	B801
Anji DaSol Solar Energy Science & Technology Co. Ltd	B802
Canadian Solar Manufacturing (Changshu) Inc. Canadian Solar Manufacturing (Luoyang) Inc. CSI Cells Co. Ltd CSI Solar Power (China) Inc.	B805
Changzhou Shangyou Lianyi Electronic Co. Ltd	B807
CHINALAND SOLAR ENERGY CO. LTD	B808
CEEG Nanjing Renewable Energy Co. Ltd CEEG (Shanghai) Solar Science Technology Co. Ltd China Sunergy (Nanjing) Co. Ltd China Sunergy (Shanghai) Co. Ltd China Sunergy (Yangzhou) Co. Ltd	B809
Chint Solar (Zhejiang) Co. Ltd	B810
ChangZhou EGing Photovoltaic Technology Co. Ltd	B811
ANHUI RINENG ZHONGTIAN SEMICONDUCTOR DEVELOPMENT CO. LTD. CIXI CITY RIXING ELECTRONICS CO. LTD. HUOSHAN KEBO ENERGY & TECHNOLOGY CO. LTD.	B812
CNPV Dongying Solar Power Co. Ltd	B813
CSG PVtech Co. Ltd	B814
DCWATT POWER Co. Ltd	B815
Dongfang Electric (Yixing) MAGI Solar Power Technology Co. Ltd	B816
EOPLLY New Energy Technology Co. Ltd SHANGHAI EBEST SOLAR ENERGY TECHNOLOGY CO. LTD JIANGSU EOPLLY IMPORT & EXPORT CO. LTD	B817
Era Solar Co. Ltd	B818
ET Energy Co. Ltd ET Solar Industry Limited	B819
GD Solar Co. Ltd	B820
Guodian Jintech Solar Energy Co. Ltd	B822
Hangzhou Bluesun New Material Co. Ltd	B824
Hangzhou Zhejiang University Sunny Energy Science and Technology Co. Ltd Zhejiang Jinbest Energy Science and Technology Co. Ltd	B825
Hanwha SolarOne Co. Ltd	B929
Hanwha SolarOne (Qidong) Co. Ltd	B826
Hengdian Group DMEGC Magnetics Co. Ltd	B827
HENGJI PV-TECH ENERGY CO. LTD.	B828
Himin Clean Energy Holdings Co. Ltd	B829
Jetion Solar (China) Co. Ltd Junfeng Solar (Jiangsu) Co. Ltd Jetion Solar (Jiangyin) Co. Ltd	B830
Jiangsu Green Power PV Co. Ltd	B831
Jiangsu Hosun Solar Power Co. Ltd	B832
Jiangsu Jiasheng Photovoltaic Technology Co. Ltd	B833
Jiangsu Runda PV Co. Ltd	B834
Jiangsu Sainty Machinery Imp. And Exp. Corp. Ltd Jiangsu Sainty Photovoltaic Systems Co. Ltd	B835
Jiangsu Seraphim Solar System Co. Ltd	B836
Changzhou Shunfeng Photovoltaic Materials Co. Ltd Jiangsu Shunfeng Photovoltaic Electronic Power Co. Ltd Jiangsu Shunfeng Photovoltaic Technology Co. Ltd	B837
Jiangsu Sinski PV Co. Ltd	B838
Jiangsu Sunlink PV Technology Co. Ltd	B839
Jiangsu Zhongchao Solar Technology Co. Ltd	B840
Jiangxi Risun Solar Energy Co. Ltd	B841
Jiangyin Hareon Power Co. Ltd Taicang Hareon Solar Co. Ltd Hareon Solar Technology Co. Ltd Hefei Hareon Solar Technology Co. Ltd Jiangyin Xinhui Solar Energy Co. Ltd Altusvia Energy (Taicang) Co, Ltd	B842
Jinggong P-D Shaoxing Solar Energy Tech Co. Ltd	B844
Jinzhou Yangguang Energy Co. Ltd Jinzhou Huachang Photovoltaic Technology Co. Ltd Jinzhou Jinmao Photovoltaic Technology Co. Ltd Jinzhou Rixin Silicon Materials Co. Ltd Jinzhou Youhua Silicon Materials Co. Ltd	B795
Juli New Energy Co. Ltd	B846
Jumao Photonic (Xiamen) Co. Ltd	B847
Kinve Solar Power Co. Ltd (Maanshan)	B849
GCL Solar Power (Suzhou) Limited GCL-Poly Solar Power System Integration (Taicang) Co. Ltd GCL Solar System (Suzhou) Limited GCL-Poly (Suzhou) Energy Limited Jiangsu GCL Silicon Material Technology Development Co. Ltd Jiangsu Zhongneng Polysilicon Technology Development Co. Ltd Konca Solar Cell Co. Ltd Suzhou GCL Photovoltaic Technology Co. Ltd GCL System Integration Technology Co., Ltd	B850
Lightway Green New Energy Co. Ltd Lightway Green New Energy (Zhuozhou) Co. Ltd	B851
Motech (Suzhou) Renewable Energy Co. Ltd	B852
Nanjing Daqo New Energy Co. Ltd	B853
LEVO SOLAR TECHNOLOGY CO. LTD NICE SUN PV CO. LTD	B854
Ningbo Jinshi Solar Electrical Science & Technology Co. Ltd	B857
Ningbo Komaes Solar Technology Co. Ltd	B858
Ningbo Osda Solar Co. Ltd	B859
Ningbo Qixin Solar Electrical Appliance Co. Ltd	B860
Ningbo South New Energy Technology Co. Ltd	B861
Ningbo Sunbe Electric Ind Co. Ltd	B862
Ningbo Ulica Solar Science & Technology Co. Ltd	B863
Perfectenergy (Shanghai) Co. Ltd	B864
Perlight Solar Co. Ltd	B865
Phono Solar Technology Co. Ltd Sumec Hardware & Tools Co. Ltd	B866
RISEN ENERGY CO. LTD	B868
SHANDONG LINUO PHOTOVOLTAIC HI-TECH CO. LTD	B869
SHANGHAI ALEX NEW ENERGY CO. LTD SHANGHAI ALEX SOLAR ENERGY SCIENCE & TECHNOLOGY CO. LTD	B870
BYD(Shangluo)Industrial Co.Ltd Shanghai BYD Co. Ltd	B871
Shanghai Chaori Solar Energy Science & Technology Co. Ltd	B872
Propsolar (Zhejiang) New Energy Technology Co. Ltd Shanghai Propsolar New Energy Co. Ltd	B873
Lianyungang Shenzhou New Energy Co. Ltd Shanghai Shenzhou New Energy Development Co. Ltd SHANGHAI SOLAR ENERGY S&T CO. LTD	B875
Jiangsu ST-Solar Co. Ltd Shanghai ST-Solar Co. Ltd	B876
Shanghai Topsolar Green Energy Co. Ltd	B877
Shenzhen Sacred Industry Co. Ltd	B878
Leshan Topray Cell Co. Ltd Shanxi Topray Solar Co. Ltd Shenzhen Topray Solar Co. Ltd	B880
Shanghai Sopray New Energy Co. Ltd Sopray Energy Co. Ltd	B881
Ningbo Sun Earth Solar Energy Co. Ltd NINGBO SUN EARTH SOLAR POWER CO. LTD. SUN EARTH SOLAR POWER CO. LTD.	B882
TDG Holding Co. Ltd	B884
Tianwei New Energy (Chengdu) PV Module Co. Ltd Tianwei New Energy Holdings Co. Ltd Tianwei New Energy (Yangzhou) Co. Ltd	B885
Wenzhou Jingri Electrical and Mechanical Co. Ltd	B886
Winsun New Energy Co. Ltd	B887
Wuhu Zhongfu PV Co. Ltd	B889
Wuxi Saijing Solar Co. Ltd	B890
Wuxi Solar Innova PV Co. Ltd	B892
Wuxi Machinery & Equipment Import & Export Co. Ltd Wuxi Taichang Electronic Co. Ltd Wuxi Taichen Machinery & Equipment Co. Ltd	B893
Shanghai Huanghe Fengjia Photovoltaic Technology Co. Ltd State-run Huanghe Machine-Building Factory Import and Export Corporation Xi'an Huanghe Photovoltaic Technology Co. Ltd	B896
Wuxi LONGi Silicon Materials Co. Ltd Xi'an LONGi Silicon Materials Corp.	B897
Years Solar Co. Ltd	B898
Yuhuan BLD Solar Technology Co. Ltd Zhejiang BLD Solar Technology Co. Ltd	B899
Yuhuan Sinosola Science & Technology Co. Ltd	B900
Yunnan Tianda Photovoltaic Co. Ltd	B901
Zhangjiagang City SEG PV Co. Ltd	B902
Zhejiang Global Photovoltaic Technology Co. Ltd	B904
Zhejiang Heda Solar Technology Co. Ltd	B905
Zhejiang Jiutai New Energy Co. Ltd Zhejiang Topoint Photovoltaic Co. Ltd	B906
Zhejiang Kingdom Solar Energy Technic Co. Ltd	B907
Zhejiang Koly Energy Co. Ltd	B908
Zhejiang Longbai Photovoltaic Tech Co. Ltd	B909
Zhejiang Mega Solar Energy Co. Ltd Zhejiang Fortune Photovoltaic Co. Ltd	B910
Zhejiang Shuqimeng Photovoltaic Technology Co. Ltd	B911
Zhejiang Shinew Photoeletronic Technology Co. Ltd	B912
Zhejiang SOCO Technology Co. Ltd	B913
Zhejiang Sunflower Light Energy Science & Technology Limited Liability Company Zhejiang Yauchong Light Energy Science & Technology Co. Ltd	B914
Zhejiang Tianming Solar Technology Co. Ltd	B916
Zhejiang Trunsun Solar Co. Ltd Zhejiang Beyondsun PV Co. Ltd	B917
Zhejiang Wanxiang Solar Co. Ltd WANXIANG IMPORT & EXPORT CO LTD	B918
Zhejiang Xiongtai Photovoltaic Technology Co. Ltd	B919
ZHEJIANG YUANZHONG SOLAR CO. LTD	B920
Zhongli Talesun Solar Co. Ltd	B922
ZNSHINE PV-TECH CO. LTD	B923
Zytech Engineering Technology Co. Ltd	B924

ANNEX 2

The following elements shall be indicated in the Commercial Invoice accompanying the Company's sales to the European Union of goods which are subject to the Undertaking:

• 1.The heading ‘COMMERCIAL INVOICE ACCOMPANYING GOODS SUBJECT TO AN UNDERTAKING’.

• 2.The name of the Company issuing the Commercial Invoice.

• 3.The Commercial Invoice number.

• 4.The date of issue of the Commercial Invoice.

• 5.The TARIC additional code under which the goods on the invoice are to be customs-cleared at the European Union frontier.

• 6.The exact plain language description of the goods and: —the product code number (PCN), —technical specifications of the PCN, —the company product code number (CPC), —CN code, —quantity (to be given in units expressed in Watt).

• 7.The description of the terms of the sale, including: —price per unit (Watt), —the applicable payment terms, —the applicable delivery terms, —total discounts and rebates.

• 8.Name of the Company acting as an importer to which the invoice is issued directly by the Company.

• 9The name of the official of the Company that has issued the Commercial Invoice and the following signed declaration: ‘I, the undersigned, certify that the sale for direct export to the European Union of the goods covered by this invoice is being made within the scope and under the terms of the Undertaking offered by [COMPANY], and accepted by the European Commission through Implementing Decision 2013/707/EU. I declare that the information provided on this invoice is complete and correct.’

ANNEX 3

EXPORT UNDERTAKING CERTIFICATE

The following elements shall be indicated in the Export Undertaking Certificate to be issued by CCCME for each Commercial Invoice accompanying the Company's sales to the European Union of goods which are subject to the Undertaking:

• 1.The name, address, fax and telephone number of the China Chamber of Commerce for Import & Export of Machinery & Electronic Products (CCCME).

• 2.The name of the company mentioned in the Annex to Commission Implementing Decision 2013/707/EU issuing the Commercial Invoice.

• 3.The Commercial Invoice number.

• 4.The date of issue of the Commercial Invoice.

• 5.The TARIC additional code under which the goods on the invoice are to be customs cleared at the European Union frontier.

• 6.The exact description of the goods, including: —the product code number (PCN), —the technical specification of the goods, the company product code number (CPC) (if applicable), —CN code,

• 7.The precise quantity in units exported expressed in Watt.

• 8.The number and expiry date (three months after issuance) of the certificate.

• 9.The name of the official of CCCME that has issued the certificate and the following signed declaration: ‘I, the undersigned, certify that this certificate is given for direct exports to the European Union of the goods covered by the Commercial Invoice accompanying sales made subject to the undertaking and that the certificate is issued within the scope and under the terms of the undertaking offered by [COMPANY] and accepted by the European Commission through Implementing Decision 2013/707/EU. I declare that the information provided in this certificate is correct and that the quantity covered by this certificate is not exceeding the threshold of the undertaking.’

• 10.Date.

• 11.The signature and seal of CCCME.

ANNEX 4

The following elements shall be indicated in the Commercial Invoice accompanying the Company's sales to the European Union of goods which are subject to the anti-subsidy duties:

• 1.The heading ‘COMMERCIAL INVOICE ACCOMPANYING GOODS SUBJECT TO ANTI-DUMPING AND COUNTERVAILING DUTIES’.

• 2.The name of the Company issuing the Commercial Invoice.

• 3.The Commercial Invoice number.

• 4.The date of issue of the Commercial Invoice.

• 5.The TARIC additional code under which the goods on the invoice are to be customs-cleared at the European Union frontier.

• 6.The exact plain language description of the goods and: —the product code number (PCN), —technical specifications of the PCN, —the company product code number (CPC), —CN code, —quantity (to be given in units expressed in Watt).

• 7.The description of the terms of the sale, including: —price per unit (Watt), —the applicable payment terms, —the applicable delivery terms, —total discounts and rebates.

• 8.The name and signature of the official of the Company that has issued the Commercial Invoice.

[^E0001]: (¹) OJ L 188, 18.7.2009, p. 93.

[^E0002]: (²) OJ C 340, 8.11.2012, p. 13.

[^E0003]: (³) OJ C 269, 6.9.2012, p. 5.

[^E0004]: (⁴) Commission Regulation (EU) No 513/2013 of 4 June 2013 imposing a provisional anti-dumping duty on imports of crystalline silicon photovoltaic modules and key components (i.e. cells and wafers) originating in or consigned from the People's Republic of China and amending Regulation (EU) No 182/2013 making these imports originating in or consigned from the People's Republic of China subject to registration (OJ L 152, 5. 6.2013, p. 5).

[^E0005]: (⁵) Commission Regulation (EU) No 182/2013 of 1 March 2013 making imports of crystalline silicon photovoltaic modules and key components (i.e. cells and wafers) originating in or consigned from the People's Republic of China subject to registration (OJ L 61, 5.3.2013, p. 2).

[^E0006]: (⁶) See page 214 of this Official Journal.

[^E0007]: (⁷) Appelate Body Report, European Communities — Measures Affecting Asbestos and Asbestos-Containing Products, WT/DS135/AB/R, adopted 5 April 2001.

[^E0008]: (⁸) Case T-401/06 Brosmann Footwear (HK) Ltd and others vs Council; Case T-314/06 Whirlpool Europe vs Council.

[^E0009]: (⁹) Footwear with uppers of leather originating in the People's Republic of China and Vietnam, Commission Regulation (EC) No. 553/2006 of 23 March 2006 (prov.); Council Regulation (EC) No. 1472/2006 of 5 October 2006 (def.).

[^E0010]: (¹⁰) Case T-401/06, Brosmann Footwear (HK) Ltd. vs Council of the European Union, para 133.

[^E0011]: (¹¹) Case T-401/06, Brosmann Footwear (HK) Ltd. vs Council of the European Union, para 135.

[^E0012]: (¹²) Chapter 10, Section 1, of the 12^th 5-Year Plan: ‘In the new energy industry, focus on the development of… … solar energy utilisation, photovoltaic and photo-thermal power generation’.

[^E0013]: (¹³) Section III.ii.1 of the 12^th Five-year Plan for the Solar Photovoltaic Industry.

[^E0014]: (¹⁴) Section III.iii.1 of the 12^th Five-year Plan for the Solar Photovoltaic Industry.

[^E0015]: (¹⁵) Section III.ii.3 of the 12^th Five-year Plan for the Solar Photovoltaic Industry.

[^E0016]: (¹⁶) Section VI.i of the 12^th Five-year Plan for the Solar Photovoltaic Industry.

[^E0017]: (¹⁷) Chapter Orientation and Priorities of Industrial Restructuring, Article 5 of the Decision No 40 of the State Council on Promulgating and Implementing the Temporary Provisions on Promoting the Industrial Structure Adjustment.

[^E0018]: (¹⁸) Chapter III, Article 17 of the Decision No 40 of the State Council on Promulgating and Implementing the Temporary Provisions on Promoting the Industrial Structure Adjustment.

[^E0019]: (¹⁹) Articles 7.1 and 7.3 of the State Council Decision of 10 October 2010 to encourage development of 7 new strategic industries.

[^E0020]: (²⁰) Section VII, Chapters 1 and 5 of the National Outline for the Medium and Long-term Science and Technology Development (2006-2020).

[^E0021]: (²¹) Article 18 of the Law of the PRC on Scientific and Technological Progress.

[^E0022]: (²²) Ibid.

[^E0023]: (²³) Article 34 of the Law of the PRC on Scientific and Technological Progress.

[^E0024]: (²⁴) With the exception of certain state-owned financial institutions.

[^E0025]: (²⁵) National Outline for Medium and Long-term Science and Technology Development (2006-2020); Catalogue of Chinese High-Tech Products for Export; Export list of High- and New-tech products; Law of the PRC on Scientific and Technological Progress (Order N.82 of the President of the PRC); Provisional Regulations on Management of National Science and Technology Plan and Provisional Measure on Management of National Science and Technology Plan Project.

[^E0026]: (²⁶) E.g. National Outline for Medium and Long –term Science and Technology Development (2006-2020) identifies the Solar industry as key field and foresees to ‘give the first place to policy finance’ or ‘encourage financial institutions to grant preferential credit support to major national scientific and technological industrialisation projects’ or suggests some preferential tax policies which were indeed used by the sample exporting producers. Catalogue of Chinese High-Tech Products for Exports and Export list of High and New-Tech Products are also highly relevant for the PV industry since most of the sampled exporting producers are holders of the certificate of High and New Technology Enterprise. As for the Law of the PRC on Scientific and Technological Progress it, inter alia, instructs the Policy-oriented financial institutions to give priority to the High — and new-technology industries (where PV industry also belongs). Provisional Regulations on Management of National Science and Technology Plan and Provisional Measure on management of national science and technology plan project are also both directly involved in the organisation and functioning of some PV projects.

[^E0027]: (²⁷) E.g. China Bohai Bank, Guangdong Development Bank, Huishang Bank, Bank of Shanghai, Shenzhen Development Bank.

[^E0028]: (²⁸) Commission pre-verification letter of 25 March 2013, page 7: ‘The Commission will seek explanations concerning the information requested in Appendix A of the questionnaire. The questions raised during verification will cover points a) to r) of the Appendix A’. Point g) of the Appendix A: List each shareholder of the bank/financial institution who owned at least 1 % of the shares or of the value of the company and list the activities of these shareholders in Excel table Appendix A–1.

[^E0029]: (²⁹) Article 33 of Law of the PRC on Regulation of and Supervision over the Banking Industry:The banking regulatory authority shall, in light of the need for performing its duties, have the power to require the financial institutions of the banking industry to submit, in accordance with relevant regulations, their balance sheets, profit statements, other financial accounting statements, statistical reports and information concerning business operations and management, as well as the audit reports prepared by certified public accountants.

[^E0030]: (³⁰) Commission deficiency letter of 30 January 2013, question C-III-A.A.

[^E0031]: (³¹) Not filled in by the Bank of China, but by the GOC on its behalf.

[^E0032]: (³²) The verification visit was originally scheduled from 15 to 19 April 2013.

[^E0033]: (³³) Preamble of the Constitution of the Communist Party of China.

[^E0034]: (³⁴) Document WT/DS379/AB/R, 11 March 2011.

[^E0035]: (³⁵) Para 317 of the AB report.

[^E0036]: (³⁶) Para 290 of the AB report.

[^E0037]: (³⁷) Para 297 of the AB report.

[^E0038]: (³⁸) http://www.dbresearch.com/PROD/DBR_INTERNET_EN-PROD/PROD0000000000204417.PDF

[^E0039]: (³⁹) Document WT/TPR/S/230 p. 79, April 2010.

[^E0040]: (⁴⁰) Document WT/TPR/S/264 p.122, July 2012.

[^E0041]: (⁴¹) Ibid.

[^E0042]: (⁴²) Article 15 of the Article of Association of China Development Bank (CDB) states that the business purpose of the CDB is inter alia ‘to serve for middle- and long-term development strategy of the national economy’. Further the Financial Statements of CDB for the financial year 2011 state ‘The Bank and its subsidiaries (together, the “Group”) are dedicated to the mission of strengthening the competitiveness of China and improving the living standards of its people in support of the State's key medium to long-term strategies and policies, through their medium- to long-term lending, investment, securities and leasing activities’ and ‘In response to the call of the State to encourage domestic enterprises to “Go Global”’ and ‘In response to the call of the State to encourage domestic enterprises to “Go Global”, the Group also engages in a wide range of activities focused on international cooperation’.

[^E0043]: (⁴³) Deutsche Bank Research, China's Banking Sector: Ripe for the next stage, 7 December 2006.

[^E0044]: (⁴⁴) China Trade Policy Review WT/TPR/S/264, p. 122, recital 98.

[^E0045]: (⁴⁵) China 2030 Building a modern, harmonious, and creative society, The World Bank and Development Research Center of the State Council, the PRC, pages 28-29, 125.

[^E0046]: (⁴⁶) OECD Economic Surveys: China 2010, p. 55 ‘the primary purpose of the PBoC's lending rate floor and deposit rate ceiling is to safeguard the profitability of the predominantly state-owned banking sector. By progressively widening the margin between benchmark lending and deposit rates, the PBoC has effectively pushed some of the cost of bank restructuring onto Chinese borrowers and savers, though it narrowed that gap in 2008-09. However, the benchmark rates weaken the incentive for commercial banks to price risk appropriately and stifle competition in the banking sector’.

[^E0047]: (⁴⁷) Information retrieved from the 2006 Deutsch Bank Research on China's banking sector, pages 3-4.

[^E0048]: (⁴⁸) Information retrieved from the China Monetary Report Quarter Two, 2010 of the Monetary Policy Analysis Group of the People's Bank of China, dated 5 August 2010, page 10.

[^E0049]: (⁴⁹) Information submitted by the GOC, information retrieved from the Articles of Association and Annual Reports of certain banks and information retrieved from internet (e.g. http://www.fas.org/sgp/crs/row/R42380.pdf).

[^E0050]: (⁵⁰) Recital 169 of the Council Implementing Regulation (EU) No 215/2013 of 11 March 2013 (OJ L 73, 15.3.2013, p. 16).

[^E0051]: (⁵¹) Law of the PRC on Commercial Banks (Article 34).

[^E0052]: (⁵²) Decision No 40 of the State Council on Promulgating and Implementing the Temporary Provisions on Promoting the Industrial Structure Adjustment.

[^E0053]: (⁵³) Law of the PRC on Scientific and Technological Progress (Order No 82).

[^E0054]: (⁵⁴) IMF Working Paper, ‘Progress in China's Banking Sector Reform: Has Bank Behaviour Changed?’, WP/06/71, March 2006, (see pages 3-4, 13, 18-20).

[^E0055]: (⁵⁵) IMF Working Paper, ‘Interest Rate Liberalization in China’, WP/09/171, August 2009, (see pages 3-4, 21-23).

[^E0056]: (⁵⁶) IMF Country Report, PRC: 2010 Article IV Consultation, No 10/238, July 2010, (see pages 22, 24 and 28-29).

[^E0057]: (⁵⁷) OECD 2010 Economic Survey of China, February 2010, (see Chapter 3, pages 71, 73-81, 97).

[^E0058]: (⁵⁸) OECD China's Financial Sector Reforms, Economic Department Working Paper No. 747, ECO/WKP (2010) 3, 1 February 2010, (see pages 2, 8-15, 36).

[^E0059]: (⁵⁹) See finding on public bodies in paragraph recital 53.

[^E0060]: (⁶⁰) Article VII of the State Council Decision of 10 October 2010 to encourage development of 7 new strategic industries.

[^E0061]: (⁶¹) National Outline for Medium and Long-term Science and Technology Development (2006-2020), Section III, chapter 1.

[^E0062]: (⁶²) Law of the PRC on Scientific and Technological Progress (Order N.82 of the President of the PRC), Article 18.

[^E0063]: (⁶³) Law of the PRC on Scientific and Technological Progress (Order N.82 of the President of the PRC), Article 34.

[^E0064]: (⁶⁴) Article 34 of the Commercial Banking Law.

[^E0065]: (⁶⁵) Document WT/TPR/S/264 p. 122, July 2012.

[^E0066]: (⁶⁶) Law of the PRC on Commercial Banks (Article 34).

[^E0067]: (⁶⁷) Decision No 40 of the State Council on Promulgating and Implementing the Temporary Provisions on Promoting the Industrial Structure Adjustment.

[^E0068]: (⁶⁸) Law of the PRC on Scientific and Technological Progress (Order No 82).

[^E0069]: (⁶⁹) http://english.caixin.com/2012-04-19/100381773.html

[^E0070]: (⁷⁰) The Chinese banking regulator (CBRC) decided that the Commercial Banks in China can buy CDB bonds (this applies to CDB bonds only) and assign zero-risk weighting to these assets. This effectively means that the banks are not required to set any capital against these assets as a risk precaution when they hold these bonds which has an impact on the bank's access to capital and provides access to cheap money. The yields on CDB bonds are usually higher than the benchmark deposit rates but lower than the lending rate and the result is that Chinese commercial banks can make money with buying risk-free CDB bonds. This being the steady source of income, the banks can afford to borrow to certain industries at preferential rates because they will compensate the lost profits via the described mechanism.

[^E0071]: (⁷¹) Report of the Panel, European Communities and Certain Member States — Measures Affecting Trade in Large Civil Aircraft, WT/DS316/R (30/06/2010), paras. 7.735-7.738.

[^E0072]: (⁷²) http://www.gov.cn/ldhd/2009-05/27/content_1326023.htm

[^E0073]: (⁷³) Appellate Body report US — Anti-Dumping and Countervailing Duties (China), para. 317.

[^E0074]: (⁷⁴) Appellate Body report US — Anti-Dumping and Countervailing Duties (China), para. 318.

[^E0075]: (⁷⁵) Sources: http://en.wikipedia.org/wiki/China_Export_ %26_Credit_Insurance_Corporation and http://uk.reuters.com/article/2011/05/26/china-cic-sinosure-idUKL3E7GQ10720110526

[^E0076]: (⁷⁶) http://www.gov.cn/ldhd/2009-05/27/content_1326023.htm

[^E0077]: (⁷⁷) http://www.stewartlaw.com/Article/ViewArticle/608, Stewart and Stewart, How trade rules can help level the export financing playing field: New developments and a path forward for 2013: ‘Sinosure, China's official export credit insurance agency, operates at a significant cumulative loss to the government, indicating its support is also highly subsidized’ and ‘A review of Sinosure's annual reports from 2002 through 2011 reveals a cumulative operating loss of RMB 3.3 billion’.

[^E0078]: (⁷⁸) Source: http://en.wikipedia.org/wiki/US-Exim_Bank

[^E0079]: (⁷⁹) Recital 116 of the Council Implementing Regulation (EU) No 452/2011 of 6 May 2011 imposing a definitive anti-subsidy duty on imports of coated fine paper originating in the PRC (OJ L 128, 14.5.2011 p.18).

[^E0080]: (⁸⁰) Recital 226 of the Council Implementing Regulation (EU) No 215/2013 of 11 March 2013 imposing a definitive anti-subsidy duty on imports of certain organic coated steel products originating in the PRC (OJ L 73, 15.3.2013, p. 16).

[^E0081]: (⁸¹) Announcement on Bid Invitation for Assignment of Yangzhou Urban State-owned Construction Land for Industrial Use with Land Use Right (Plot Numbers 2008G017, 2008G018 and 2008G019, Yangzhou Municipal Land Resources Bureau, 30 January 2008.

[^E0082]: (⁸²) Notice on transferring of state-owned Land Use Right (2009-02) in Tianwei issued by Baoding City Land Bureau, Article 7.

[^E0083]: (⁸³) Implementing Regulation (EU) No 215/2013, recital 116.

[^E0084]: (⁸⁴) George E. Peterson, Land leasing and land sale as an infrastructure-financing option, World Bank Policy Research Working Paper 4043, at 7 November 2006, IMF Working Paper (WP/12/100), An End to China's Imbalances, April 2012, p. 12.

[^E0085]: (⁸⁵) IMF Working Paper (WP/12/100), An End to China's Imbalances, April 2012, p. 12.

[^E0086]: (⁸⁶) AB Report Mexico-Rice, paras. 289 and 293. Panel Report, China-GOES, paras. 7.296 and 7.302

[^E0087]: (⁸⁷) The statistics of the banks were requested under section III.A.A of the initial questionnaire, page 4 of the Annex 1 to the deficiency letter and page 7 of the pre-verification letter

[^E0088]: (⁸⁸) Appellate Body report US-Anti-dumping and Countervailing Duties (China), para. 356.

[^E0089]: (⁸⁹) Please kindly provide the information as already requested in the questionnaire, in any event at least those where the GOC has direct or indirect shareholdership.

[^E0090]: (⁹⁰) The 12^th Five-year Plan for the Solar Photovoltaic Industry, Preface

[^E0091]: (⁹¹) The 12^th five year plan for national economic and social development of the People's Republic of China, Part XVI and Chapter 61

[^E0092]: (⁹²) Appellate Body Report, US-Definitive Anti-Dumping and Countervailing Duties on Certain Products from China

[^E0093]: (⁹³) Appellate Body Report, US-Hot-Rolled Steel, para. 99

[^E0094]: (⁹⁴) Panel Report, US-Definitive Anti-Dumping and Countervailing Duties on Certain Products from China, para. 16.9

[^E0095]: (⁹⁵) Panel Report, EC-Salmon, para. 7.358

[^E0096]: (⁹⁶) Article 29 of the Council Regulation (EC) No 597/2009 of 11 June 2009, OJ L 188, 18.7.2009

[^E0097]: (⁹⁷) Article 32 of the CCP Constitution

[^E0098]: (⁹⁸) Article 19 of the Companies Law of the People's Republic of China, http://www.china.org.cn/china/LegislationsForm2001-2010/2011-02/11/content_21898292.htm

[^E0099]: (⁹⁹) EC-Aircraft panel Para 7.743

[^E0100]: (¹⁰⁰) http://www.chinaafricarealstory.com/2011/08/china-development-banks-3-billion-line.html, ‘The terms of the CDB line of credit differ in its two instalments. The first tranche of $1.5 billion will have a 20yr maturity including a 5yr grace period. The interest rate will be 6 month LIBOR (London Inter-Bank Offered Rate) plus a margin of 2.95 %, with a commitment fee of 1 % and an upfront fee of 0.25 %. The terms of the second $1.5bn tranche are 15yr maturity including a 5yr grace period, interest rate of 6 month LIBOR plus a margin of 2.28 %, and probably the same fees’

[^E0101]: (¹⁰¹) Panel Report, US — Definitive Anti-Dumping and Countervailing Duties on Certain Products from China, para. 10.187

[^E0102]: (¹⁰²) Directive 2009/28/EC of the European Parliament and of the Council of 23 April 2009 on the promotion of the use of energy from renewable sources and amending and subsequently repealing Directives 2001/77/EC and 2003/30/EC (OJ L 140, 5.6.2009, p.16).

[^E0103]: (¹⁰³) European Commission, Directorate-General for Trade, Directorate H, B-1049 Brussels.

[^E0104]: (¹⁰⁴) Regulation (EU) No 513/2013.

[^E0105]: (¹⁰⁵) OJ L 343, 22.12.2009, p.51.

[^E0106]: (¹⁰⁶) Commission Decision 2013/423/EU of 2 August 2013 accepting an undertaking offered in connection with the anti-dumping proceeding concerning imports of crystalline silicon photovoltaic modules and key components (i.e. cells and wafers) originating in or consigned from the People's Republic of China (OJ L 209, 3.8.2013, p. 26).

[^E0107]: (¹⁰⁷) Council Regulation (EC) No 597/2009 of 11 June 2009; OJ L 188, 18.7.2009, p. 93.