“The policies started in solar and are now starting to infect the higher reaches of the economy with Made in China 2025,”<br />said Jeremie Waterman, the president of the China Center at the United States Chamber of Commerce in Washington.<br />“A small vibration back in China,” said Frank Haugwitz, a longtime solar industry<br />consultant in Beijing, “can cause an avalanche in prices around the world.”<br />Late last summer, Chinese officials began publicly toying with slashing the subsidies they offer domestic solar-panel buyers.<br />“The main subsidy is massive, below-market loans by Chinese state-owned commercial banks to finance new capacity<br />and also the massive ongoing losses of Chinese companies,” said Jürgen Stein, the president of American operations for SolarWorld, a big German panel maker.<br />But recently, Chinese companies have been building factories outside China, particularly in Malaysia and Vietnam, to bypass anti-dumping and anti-subsidy measures<br />that the United States and European Union imposed on Chinese-made panels four years ago.
