Solar giant sets new direction for profits

JA Solar Holdings, one of the world's largest producers of solar energy products, is seeking to expand in emerging markets touched by China's Belt and Road Initiative.

The move comes in the face of a competitive price war in the solar industry and declining profits in the United States and Europe brought by heavy import taxes as high as 165 percent.

China's Silk Road Economic Belt and 21st Century Maritime Silk Road, which aim to improve cooperation with countries in Asia, Europe and Africa, "provide huge opportunities for us," said Jin Baofang, president of JA Solar, on the sidelines of the ongoing two sessions in Beijing. "Installed solar capacity has suffered a decline in some traditional markets, such as the US."