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In Depth: China’s Solar Industry Enters Painful Reset

By Luo Guoping, Fan Ruohong and Wang Xintong
2026年03月05日 13:07
Chinese solar giants face mounting losses and a protracted shakeout after the government scuttled a consolidation plan designed to rescue the industry

On Feb. 4, shares in some of China’s largest solar energy companies suddenly surged after reports that Elon Musk was looking to tap Chinese resources for his ambitious energy plans.

The optimism proved short-lived. The stocks tumbled the following day, underscoring the fragility of the rebound in a sector awash with red ink.

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