Chinese solar stocks rise as Beijing unveils consumption tax to force industry shakeout
Chinese solar stocks rise after Beijing ends an 11-year tax exemption on solar cells and lithium batteries.
Chinese solar stocks rise as Beijing unveils consumption tax to force industry shakeout
Shares of most Chinese solar and major battery makers rose on Monday after Beijing unveiled a consumption tax on solar cells and lithium batteries, raising hopes it will hasten industry consolidation, particularly in the oversupplied solar sector https://t.co/6ET31cAdCz
$FSLR $NXT Chinese solar and battery stocks rose after Beijing introduced a new consumption tax, as investors bet the added cost will accelerate consolidation in oversupplied industries. The tax starts at 2% and later doubles to 4%, with larger players like CATL better positioned to absorb or pass