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English>>China Business

Photovoltaic spotlight turns to domestic market

By Du Juan (China Daily)

13:17, November 23, 2012

Workers install solar photovoltaic components in Minqin county, northwestern China's Gansu province on Nov. 19. (Xinhua/Liang Qiang)

As China's photovoltaic solar industry hits increasing obstacles in foreign countries, many solar companies are eyeing the domestic market to survive the crisis.

Since the United States started probes into alleged dumping and unfair subsidies in PV solar panels from China late last year, domestic producers have faced a shrinking foreign market.

This year, the European Union followed the US move, claiming Chinese companies are selling PV solar cells under cost by receiving illegal government subsidies.

Up to 95 percent of the solar panels produced in China are sold overseas and the EU is the biggest buyer.

But China's solar industry has made a great contribution to the global solar market by reducing costs and creating millions of jobs in the US and EU.

With advantages in overseas markets gone, Chinese companies started to refocus on the domestic market.

The Chinese government is also making efforts to boost development of the solar industry.

The central government has unveiled series of policies to expand the domestic market, enhance industry mergers and consolidation, and promote innovation.

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