Bankruptcies abound as China’s central planners struggle to keep its green industry from rotting
China’s aggressive push to “green” its economy and become the world leader in renewable energy is admired by many commentators in the West. Those admirers need to look again.
The country’s solar panel industry, which went from zero to become the world’s largest in five years, has crashed, with most producers now suffering from negative profit margins, soaring debt levels and idle factories.
http://opinion.financialpost.com/2013/12/09/why-chinas-renewables-industry-is-headed-for-collapse/
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