China’s Solar Industry Is Now a Complete Scam—Overcapacity, No Profits, Only Debt
China’s Solar Industry Is Now a Complete Scam—Overcapacity, No Profits, Only Debt
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The Chinese photovoltaic industry is going through an unprecedented "winter." Runergy, once ranked third globally in photovoltaic cell shipments, is trying to clear its debt of nearly 30 billion yuan by using a "debt-for-equity swap" to relaunch its IPO and secure a chance for survival.
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