By Andrew Restuccia - 06/07/11 02:57 PM EDT
The decision to end the subsidy represents a major victory for the Obama administration, which is engaged in an oftentimes aggressive effort to compete with China on clean-energy technology.
According to the U.S. trade office, the size of the grants provided to Chinese companies ranged from $6.7 million to $22.5 million. Since 2008, China has distributed grants totaling several hundred million dollars, the U.S. trade office said.
It’s the third time that China has agreed to end a subsidy after the United States brought a case to the WTO, the U.S. trade office said.