The world’s largest solar panel maker is selling a great deal more overseas to keep its domestic industry afloat.China’s exports in the third quarter soared 66% from a year ago after the government’s decision to cut support for the local solar power industry dented domestic demand. Shipments to Australia more than doubled and tripled to Mexico, making up for a tumble in sales to India, its biggest buyer.“Companies realise they have to step up efforts to explore new markets,” said Jiang Yali, an analyst at Bloomberg NEF in Hong Kong. “Without diversified markets, panel makers will struggle to survive.”The export …read more
Source: Gulf times
