PREFACE

For China’s photovoltaics (PV) industry, 2012 was both a troubled and a transformative year.

There was much bad news that year.

The world’s production capacity for crystalline silicon solar cells has soared, but prices have plummeted. Behind this is China’s huge new PV production capacity (it has quadrupled from 2009 to 2011) driven by a single-minded pursuit of quantity at the cost of creating vicious cycles.

After releasing results of its anti-dumping and anti-subsidies duty investigations on Chinese-made solar panels, the US has announced anti-dumping taxes on Chinese PV imports. The EU has also initiated its anti-dumping investigations against the Chinese PV industry. India has followed suit.

Against the backdrop of the global recession, ...

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