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Solar industry gaining strength from home market (2)


08:21, December 03, 2012

The company's latest financial report showed home orders accounted for 28 percent of its total revenues in the third quarter, up from 14 percent in the second quarter.

Yingli is one of the several Chinese companies to have seen an increase in production recently.

It comes despite the United States' announcement in early November of the imposition of punitive duties ranging from 18 percent to 250 percent on billions of yuan worth of Chinese solar products for the next five years. The European Union is still probing the case.

On Nov. 23, India also launched an anti-dumping investigation into solar products from China in a bid to foster its domestic solar industry, a move adding to the grave overseas market for Chinese producers.

Based on industrial association data, it is estimated that over 90 percent of Chinese solar panel producers have reduced or halted production since last year.

However, many, like Shanghai-based JA Solar, Jiangxi's Jinko Solar, and LDK Solar, one of the world's largest manufacturers of solar wafers, have recently resumed production.

Fang Peng, JA Solar's chief executive officer, said in the company's quarterly report that domestic shipments "more than doubled" in the third quarter from the previous quarter.

The pick-up comes as the Chinese government has moved to boost demand and confidence in the home market.

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