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China Solar Companies Reportedly Slowing Production

in News on November 10, 2008 at 12:31 pm PT

China-based manufacturers of solar power equipment are quietly laying off employees, slowing down production at their plants and lobbying banks for short-term financial support. According to Wedge MKI, an investment research boutique, companies are battening down hatches in anticipation of slowing demand and falling prices. “They’re doing their best to hang on,” says Wedge MKI.