Latest News:  


China's PV sector may see reshuffle: experts


18:46, June 17, 2013

BEIJING, June 17 (Xinhua) -- Experts said China's photovoltaic (PV) sector may experience a new round of reshuffling amid fresh trade tensions with the European Union (EU).

Zhang Shuai, an analyst with Sinolink Securities, said Monday that if the EU ends up imposing high duties on Chinese solar products, the PV sector will face a new round of reshuffling and the elimination of excessive production capacity.

"This will be conducive to the sector's medium- and long-term development, although the sector's recovery will be impeded," Zhang said.

Earlier this month, the EU imposed an interim anti-dumping duty of 11.8 percent on imports of all Chinese solar panel products, including panels, cells and wafers. If both sides fail to come to an agreement, the duty will be raised to an average of 47.6 percent in two months.

Cai Jibo, president of Phono Solar Technology Co., a leading solar manufacturer, agreed that the sector will see more drastic reshuffling due to excessive capacity.

Cai said the PV sector cannot wait for policy support from the government, but instead needs to eliminate weak companies in order to consolidate the industry.

The Chinese government will use a series of measures to boost the sagging PV sector due to subdued overseas demand, including promoting distributed PV power projects and offering financial support, according to an executive meeting of the State Council on Friday.

We Recommend:

Fortune Global Forum's guests visits panda

China calls for dialogue after EU solar panel duties

China-South Asia Expo opens in SW China

Huawei launches flagship smartphone Ascend Mate

3D printing gallery opens in Chongqing, SW China

White collars setting up stalls become popular

B787 Dreamliner misses maiden voyage in China

Computex Taipei 2013 exhibition kicks off

12 Asian business women: Intelligent and beautiful

Email|Print|Comments(Editor:Yan Meng、Chen Lidan)

Leave your comment0 comments

  1. Name


Selections for you

  1. People welcome Chinese destroyer

  2. Soldiers in joint military training

  3. Protesters stage anti-gov't rally in Bangkok

  4. Double life: Editor with a rock heart

  5. Photos: The ordinary love

  6. Triplet red pandas' life in Fuzhou

  7. China wins mixed doubles title

  8. Amazing scenery of Yamzhog Yumco Lake

  9. Daring new collections hit fashion shops

  10. Calling for new type of industry

Most Popular


  1. In praise of graffiti and holiday photos
  2. The thinking behind U.S. surveillance programs
  3. China's space program less costly
  4. SCO chief lauds Harbin fair's co-op contribution
  5. Calling for new type of industry
  6. China is the largest buyer of high-end cameras
  7. Bright future for white spirits
  8. Guangming Daily: Never abandon the mass line
  9. What has historical materialism told us?
  10. It' time to put ASEAN on the map amid EU meltdown

What’s happening in China

The Bund turns into beach as the temperature reaches high

  1. Majority of top students not prominent in careers
  2. HIV/AIDS spreading to younger people in Taiwan
  3. Food safety official in pesticides warning
  4. Cops crack down on fake medicine at adult stores
  5. SCO states conclude disaster relief drill