From a piece found at TheDiplomat.com (this is just the 1st two paragraphs!):
China’s photo-voltaic (PV) industry, better known as the “solar industry”, is in the middle of a serious crisis. The issue is particularly fascinating since it essentially serves as a microcosm for many of the troubles afflicting China’s economy as a whole, including government encouraged over-investment, an astounding run up of debt, government support of value-destroying firms, resulting trade frictions, and the tension between central and local government goals.
Nearly all the “big names” of the industry, including companies such as LDK Solar, Yingli Solar (which sports fans will recognize from its sponsorship at recent international soccer events) and Suntech Power Holdings are all facing the possibility of bankruptcy, consolidation, or both following a remarkable few years in China’s solar industry
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