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DOING BUSINESS IN CHINA

Solar Subsidy Meltdown Spotlights How Beijing Gives, Takes Away

Make hay while the sun shines, and don’t store all your Chinese eggs in one basket. Those farmyard bits of wisdom are two of the biggest lessons coming from this week’s column, inspired by a reduction in Beijing’s generous solar power subsidies that came with little warning. The sudden change caught the industry napping and sent solar stocks plunging, spotlighting one of the biggest challenges facing both domestic and foreign firms doing business in China.

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