In response to a U.S. challenge before the World Trade Organization, China has shut a fund that the U.S. says subsidized Chinese wind-energy equipment companies. U.S. Trade Rep. Ron Kirk said on June 7 that China closed its Special Fund for Wind Power Equipment Manufacturing, which the U.S. contended violated WTO rules by providing grants to Chinese wind-turbine companies that used Chinese-made components instead of imported parts. The grants ranged from $6.7 million to $22.5 million and may have totaled several hundred million dollars since 2008, according to Kirk’s office. USTR launched a probe last October in response to a
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.