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Government Policy Results in Blind Development of Wind and Photovoltaic Power Industry Sectors

On December 9, 2012, China Review News published an article analyzing why the development of the wind power and photovoltaic industry sectors in China are slowing down.

According to the article, the government’s “one size fits all” policy is one of the most direct causes of the excessive and blind development of these two sectors. Any enterprise that invests in these two sectors can obtain very generous government funding support and policy support. Attracted by such direct benefits, investors have completely ignored the risks and any possible vicious competition.

Source: China Review News, December 9, 2012