By Tang Danlu (
Xinhua)
08:28, October 30, 2012
New policies raise hope for struggling Chinese PV solar industry.(Photo/Xinhua)
BEIJING, Oct. 29 (Xinhuanet) -- A comprehensive package of new polices from thecentral and local departments has brought rays of hope to the struggling Chinesephotovoltaic (PV) solar industry.
The industry, considered a promising and emerging one in China with strategicimportance for the transformation of the national economy, was suffering a grimsituation in the past few months.
Since last year, the United States and the EU have both launched punitive tariffsstemming from anti-dumping and anti-subsidies investigations aiming at the Chinese PVsolar companies.
It has hurt the survival and development of those firms, which have heavily relied onoverseas markets.
The debt of China’s top ten largest PV solar companies adds up to 111.0 billion yuan(about 17.5 billion U.S. dollars) and the liability ratio of the whole industry has beenover 70 percent, according to the statistics released by MaximGroup, a U.S. investmentmanagement institution.
Actually, not individual, but multiple, reasons resulted in the severe status quo of theindustry.
The industry developed so fast that its production capacity easily outweighed domesticdemand. And excessive production capacity means this is a large-scale crisis for thewhole industry, rather than just a problem of individual companies.
Furthermore, the export-oriented PV solar industry in China is vulnerable to theexternal economic environment. If the foreign market weakens, disaster for the wholeindustry is almost inevitable.
Trade protectionism moves by the western countries additionally made the situationworse.
Most Chinese photovoltaic enterprises have a limited understanding of marketing. Infact, they are duplicating the old Made-in-China practices in a new industry.
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