Chinese solar firms ramping up investment in Southeast Asia to evade US, European trade tensions


Source: scmp.com scmp.com

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Chinese solar companies are increasingly establishing manufacturing bases in Southeast Asia and beyond in the face of rising geopolitical tension and in the pursuit of more competitive locations. Southeast Asia has become one of the major offshoring destinations for Chinese solar companies since 2011, when the United States and Europe instigated anti-dumping and anti-subsidy probes against China, leading to hefty tariffs on solar imports from the country. US trade actions since then, including bans on Xinjiang solar products linked to alleged forced labour, have increased pressure on Chinese firms and driven more to establish factories abroad. Chinese investments in Malaysia...