China's solar side track

Given the glut of supply, the last thing Chinese solar firms needed was a bitter trade fight. But alas, it has arrived and already the industry leaders are adapting... by moving offshore.

Chinese solar companies are being forced to speed up plans to move a big chunk of their manufacturing offshore as Europe looks increasingly likely to join the United States in implementing duties on imports of Chinese-made solar equipment.

The timing could not be worse for the Chinese firms, whose balance sheets are already being strained by nearly two years of weak prices and slowing demand for solar energy products.

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