Wind-power market limit swept clear for foreign firms
By Tan Yingzi | China Daily | Updated: 2009-10-30 08:06
HANGZHOU: China will drop a requirement that most of the components of wind power-related equipment be made within its borders, a beneficial move for foreign companies who argue that they have been locked out of China's wind-power market.
Commerce Minister Chen Deming announced the move at a press conference in Hangzhou, Zhejiang province, to repeal the requirement set in 2007 by the National Development and Reform Commission. Chen was attending the 20th China-US Joint Commission on Commerce and Trade.
The regulation had stated that all local governments use more than 70 percent locally made technologies and products in their wind power facilities.
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