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In depth: Why China's once red-hot solar sector is cooling

Shortage of polysilicon, withdrawal of subsidies putting squeeze on industry

A solar power plant in Pingdingshan, China.    © Reuters

In December 2021, a Zhejiang-based solar power plant company raised about 5.6 billion yuan ($884 million) in its Shanghai STAR Market listing, more than 10 times its target amount.

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