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By Matt Kibbe
The short-term deal will assure long-term overspending
Independent voices from the The Washington Times Communities
Topic - Trina Solar Ltd.
China's government says it will encourage mergers among producers of solar panels to strengthen an industry that has suffered huge losses due to excess production capacity and price-cutting wars.
Chinese solar-panel makers that boomed over the past decade are suffering big losses because of slumping global sales and a price war that threaten an industry seen by communist leaders as a role model for hopes to transform China into a technology leader.
Chinese producers of solar power equipment on Friday rejected an American anti-dumping ruling in a case that threatens to worsen U.S.-Chinese tensions. They warned proposed punitive tariffs might hurt efforts to promote clean energy.
China's government on Friday rejected a U.S. antidumping ruling against its makers of solar power equipment and Chinese manufacturers warned possible higher tariffs might hurt efforts to promote clean energy.