Yahoo Philippines News - Live 2013 Philippine Elections News Updates and Results: China to boost solar power manufacturing

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China to boost solar power manufacturing Oct 5th 2013, 05:28 As an incentive to continue manufacturing their products despite flagging sales and burgeoning debts, China is offering substantial tax rebates to its solar panel makers.According to a report on the BBC, the state-owned Xinhua news agency says manufacturers will get a 50% rebate on their value-added tax from October 1, 2013 till the end of 2015.China has become a major supplier of solar panels in recent years, but declining demand has left many of the leading firms in its solar power sector in serious debt.The top 10 Chinese solar power sector companies owe up to 100bn yuan ($16. ...

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