Caixin Global – Latest China News & Headlines

Home >


CX Tech is Caixin Global's real-time tech news portal, featuring 24-hour news, short-form analysis, and roundups from business and tech media in China.

Trending in China: Can Music Streamers Help Users’ Depression?
Core Parts of China’s Beidou Satellite System ‘100% Made in China’
Trending in China: Xiaomi CEO’s Shows How Best To Harness China’s Social Media Humor for Serious Business
Apple Takes Down Over 30,000 Apps from China Store Amid Government Crackdown
Chinese Chipmaker SMIC to Establish Joint Venture for Wafer Production
Microsoft Said Plan to Acquire TikTok Will Continue
Uber Abandons Plan to Move Regional Headquarters to Hong Kong
Trending in China: Undergraduate Degree in Housekeeping — Valuable Asset or Waste of Resources?
Huawei and Apple Shine in China’s Smartphone Market During Second Quarter
Video Streamer iQiyi Eyeing Southeast Asian, Middle East Expansion, Executive Says
Lawson Expands in China With Prefab Convenience Stores
TikTok Undergoing U.S. Investment Review, Treasury Secretary Says
Chinese Community E-commerce Firm Nice Tuan Nets $80 Million in Third Funding in 2020
Trending in China: Shanghai Film Festival Rekindles Childhood Memories with Outdoor Screenings
China’s EHang Gets Green Light to Test Self-Flying Vehicles in Quebec
Trending in China: Pop Star Jay Chou’s Livestream Signals Kuaishou’s Increasing Partnership with Celebrities
Tencent to Pick Up Stake in Shanghai-listed Weaver Network for $110 Million
U.S. Senators Worry TikTok Could Be Used to Interfere in Elections
Tesla Launches Hiring Spree in China as It Prepares for Shanghai Production of Model Y
ByteDance AI Lab Head to Leave as TikTok Faces Global Headwinds
New Installations of Solar Power Plunge as Subsidies Fade

By Li Liuqian, Chen Xuewan and Han Wei / Dec 06, 2019 06:26 AM / Business & Tech

Photo: VCG

Photo: VCG

New additions to solar power generation capacity in China plunged more than 50% during the first 10 months this year compared with a year earlier, reflecting waning state support for the new energy source.

Installations of new solar energy totaled 17.5 gigawatts (GW) this year through October, including only 1.5 GW added since the end of September. The 10-month total is just half of the increase in the same period last year, according to Wang Bohua, secretary general of the China Photovoltaic Industry Association.

The slowing pace is likely to lead China to a second consecutive year of decline in new solar power capacity, following a 17% drop in new installations last year. Wang predicted that the addition of solar power capacity will decline more than 30% from last year to 30 GW. Total capacity may exceed 200 GW by the end of this year, Wang said.

Growth is slowing as China moves to phase out solar power subsidies to encourage the industry to become more self-reliant. China has seen the construction of large amounts of poorly planned solar and wind-power farms, with the result that some couldn’t be connected to the grid or produced below their designed capacity.

According to the China Photovoltaic Industry Association, the government will set aside 1.75 billion yuan ($24.8 million) as solar power subsidies next year, down 42% from this year.

Contact reporter Han Wei (

Share this article
Open WeChat and scan the QR code