Chinese Solar Manufacturers Struggle Amid Swelling Product Glut ...Middle East

OILPRICE - Economy
Chinese Solar Manufacturers Struggle Amid Swelling Product Glut
source : OILPRICE ( Middle East ) () 34
A growing number of Chinese solar manufacturers are going into bankruptcy or restructuring on a deepening product glut that has led to a massive price slump. According to a Bloomberg report, two companies have entered some form of bankruptcy proceedings since the start of this month alone. These are both relatively small sector players, with more limited resources to weather the oversupply storm. Larger players, on the other hand, have resorted to production suspensions and layoffs, Bloomberg also wrote, citing the strategy of one of the biggest…

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