ANALYSIS: Suntech a local dilemma in China

Beijing might find a Suntech collapse more palatable than local officials

Beijing might find a Suntech collapse more palatable than local officials

There is a twisted irony in the reaction that would swiftly follow were Suntech to receive some sort of bail-out from the local government in Wuxi – a rescue which appears more a matter of ‘when’ than ‘if'.

Western PV manufacturers and media alike would slam “Beijing” for once again rushing in to prop up an ailing solar champion.

Rather than exposing any grand conspiracy, however, a Suntech bail-out would highlight the tension among the various levels of Chinese government. For while the full bankruptcy and liquidation of Suntech would cause numerous headaches in Jiangsu province, it may cure them in Beijing.

To be sure, it would be painful for even the most hard-nosed, pragmatic Chinese official to watch the public disintegration of a company like Suntech.

As wind-turbine Log in to read complete article.

Become a Recharge subscriber!

Or try our free trial.

Order Subscription

Already a member?

Login


Recharge Monthly Magazine