SHENZHEN/SHANGHAI: China’s quick-growing solar equipment makers, forecast to meet half of global demand by the mid 2020s, are ramping up overseas sales to stave off closure after the elimination of government subsidies pushed domestic installations to a five-year low.
Exports of key solar components this year have already exceeded last year’s total and executives expect growth to continue next year, stoking concerns of a flood of cheap Chinese products undercutting those of manufacturers worldwide.
