Clouds form over China’s solar boom

Clouds form over China’s solar boom 』 [2012-8-23]

Chinese 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. “The next 1 1/2 years will be very challenging,” said Frank Haugwitz, a renewable-energy consultant in Beijing.http://www.energychinaforum.com/news/66261.shtml

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