Bribery Arrests And Subsidy Cuts Signal A Painful New Era For China’s Green Energy Companies
image credit: Bamboo Works Key Takeaways: A Chinese solar executive’s arrest in Australia for bribery highlights the clash between Chinese and overseas business practices China’s shift to market-oriented
A Chinese solar company leader was arrested for bribery, and China is cutting green energy subsidies—money the government was giving to help these companies. When a government stops helping a business with free money and there are legal problems, it's a sign that company might struggle more going forward.
Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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