Jan. 14 at 3:09 AM
$MAXN From April, Chinese solar panel manufacturers will no longer be able to benefit from export tax credits. The removal of this boost will also apply in 2027 to batteries.
Good news for the European industry, which considers itself harmed by Chinese competition from public subsidies. China announced on Friday the gradual end of export tax credits previously enjoyed by Chinese manufacturers of solar panels and batteries.
A change of course for Beijing that seems to recalibrate its industrial support, to reduce the harmful competition that undermines these two sectors in China, recover tax revenues in the face of the fall in land income, and to give a pledge of goodwill to Europe.
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