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China's Challenges Amidst Stunning Transformation

Release Date:
2/19/2014 9:00 AM
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FinFacts Ireland (Feb. 19): “China's Challenges Amidst Stunning Transformation"

George Haley, member of UNH's business faculty, notes that since 2008, through government subsidies, the manufacturing capacity of China's solar-panel industry grew tenfold, leading to a vast global oversupply. "Our research showed that without subsidies, these companies would be bankrupt. If the Chinese government sticks to its decision to stop funding unprofitable solar-panel manufacturers and support a revamping of the industry, more bankruptcies and restructurings are sure to follow."

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