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Fri Jan 20, 2012, 07:46 PM

Profit from China’s renewed solar appetite (will eat our lunch)

http://community.nasdaq.com/News/2012-01/profit-from-chinas-renewed-solar-appetite-jaso-csiq-yge-tsl.aspx?storyid=115423

China's Ministry of Commerce is considering including solar products such solar panels and solar water heaters in its home appliance subsidy scheme for rural buyers in hopes to boost domestic consumption of solar companies and the green industry as a whole.Currently farmers are allegeable to receive subsidies equal to 13% of the price of designated types of electrical home appliances in the plan.

The shift in sentiment should benefit the China's solar industry, a sector that has been doing well in recent years driven by various governments' efforts to promote alternative energy. However, many of China's solar companies have suffered on Wall Street, given slow growth in the industry globally, overcapacity and shrinking foreign demand.

The Ministry of Commerce is considering more policies to stimulate domestic consumption and some "fiscal incentives" could be given to drive the sale of household solar products, MOC spokesman Shen Danyang told a press conference Wednesday.

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