It is thought that China’s solar panel manufacturing industry is not currently sustainable at its current capacity, following pressure due to a substantial drop in demand.
Significant growth in the sector, due to economies across the globe investing heavily in renewable technologies, has resulted in a dramatic drop in prices recently, that European manufacturers blame on cheaper Chinese Solar PV imports.
State-owned Xinhua news agency has reported recently that the government has been refunding a large proportion of VAT to these enterprises to assist with their mounting debts.
