China rules solar energy, but its industry at home is in trouble

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China rules solar energy, but its industry at home is in trouble

China has become a dominant force in the global solar energy market over the past 15 years, with most solar panels worldwide being made by Chinese companies. However, the domestic solar panel industry in China is facing significant challenges, with plummeting wholesale prices and intense competition leading to heavy losses for major manufacturers.

The turmoil in China's solar energy sector underscores the impact of the country's industrial policies, which have focused on supporting solar power but have also resulted in overcapacity and price wars among manufacturers. Despite the struggles, some companies like Tongwei and Longi Green Energy Technology have managed to thrive by investing in efficient solar panel technology.

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