solar-panel makers that boomed over the past decade are suffering big
losses because of slumping global sales and a price war that threaten an
industry seen by communist leaders as a role model for hopes to
transform China into a technology leader.
Another looming challenge: Moves by the United States and Europe toward
imposing anti-dumping tariffs on Chinese-made solar panels that might
further depress sales.
Financial problems are likely to force painful changes in the Chinese
industry, including mergers, bankruptcies, factory closures or layoffs,
industry analysts say.