China's Solar Exports Shift Toward Asia and Africa Despite Tax Rebate Cuts
2 Articles
2 Articles
Chinese solar companies are shifting the center of gravity of their export markets from developed nations to emerging markets. As entry into developed markets has become difficult due to high U.S. tariffs and measures to block circumvention of export routes, they have set out to target Southeast Asia and Africa as new growth engines. According to Reuters on the 20th (local time), as of last month, China's solar cell and module exports compared t…
China's Solar Exports Shift Toward Asia and Africa Despite Tax Rebate Cuts
China’s solar exports are changing direction. While shipments to Europe and the Middle East slowed in June, exports to Southeast Asia, South Asia, and Africa continued to grow, showing that demand for affordable Chinese solar equipment remains strong in emerging markets. Reuters reported that the country’s latest customs data also suggests that China’s decision to remove export tax rebates is beginning to affect overall shipments. Total exports …
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