Seeing double: Beijing’s solar stunner

China's view of solar as a strategic sector has been made crystal clear this week as it doubles solar subsidies for 2012 as well as its 2015 capacity target. But is it a remedy for ailing manufacturers?

It is no secret that Chinese solar manufacturers are struggling, many flailing under debt loads so big they would be bust if it weren’t for the generous backing of the nation’s banks. What few comprehend however, is just how strategically Beijing views the sector. It is a burgeoning industry China wants to dominate in the next decade.

If that wasn’t clear last week, it should be now, after state news agency Xinhua broke two significant news stories this week:


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