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Pressures hurt makers of Chinese solar panels

Chinese solar panel makers that grew fast over the past decade are suffering big losses due to slumping global sales and a price war that threaten an industry seen by communist leaders as a role model for hopes to transform China into a technology leader.

Published: Aug. 23, 2012 at 12:05 a.m. PDT
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Chinese solar panel makers that grew fast over the past decade are suffering big losses due to slumping global sales and a price war that threaten an industry seen by communist leaders as a role model for hopes to transform China into a technology leader.

Another looming challenge: Moves by the U.S. and Europe toward imposing anti-dumping tariffs on Chinese-made solar panels that might further depress sales.

Financial problems could force painful changes in the Chinese industry, including mergers, bankruptcies, factory closures or layoffs, industry analysts say.

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