New markets to keep companies on growth path

Emerging markets have become the new strategic markets for solar firms after trade prospects in the European Union soured due to recent anti-dumping investigations against solar products from China, top executives of a leading solar firm said.

Jiang Likai, deputy general manager of Solar Energy Technology Co, a unit of the State-run China Energy Conservation and Environmental Protection Group, said emerging markets such as Pakistan and Chile are the new targets for Chinese solar product makers, particularly countries along the Belt and Road Initiative in Asia, Africa and Europe, as exports to the traditional markets have been hit by trade disputes.

Solar Energy Technology Co had in April decided to buy the shell of a Chongqing-based pharmaceutical company named Chongqing Tongjunge Co Ltd in an equity swap deal, a practice commonly used by Chinese companies that want to get listed.