Surge in U.S. Solar Company Bankruptcies, Despite Trillions in Subsidies
Dear all,
A lot happened last week, along with the first whiff of cool air in Shanghai hinting at autumn. Without further ado, let’s dive into what’s been talked about in China:
Professor Zhang Weiwei, Director of the China Institute, stated that China never waits idly, hoping for perfect conditions before taking action.
In May 2024, President Joe Biden doubled the import tax on Chinese solar cells from 25% to 50%, accusing China of "dumping excess products on the market at unfairly low prices." With years of protective tariffs and subsidies, U.S. solar companies had enjoyed an unparalleled edge in the American market. However, their comfortable days have ended as they face the harsh reality of low competitiveness.
China Completes Mega Oil and Gas Platform for the Middle East
After 34 months, the construction of the oil and gas platform for Saudi Aramco is coming to an end in …
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