Clean energy is one of the most important solutions in the fight against climate change, and solar photovoltaic (PV) power plays a central role. Most regions and governments are encouraging the use of solar systems to replace traditional energy, even in the most fossil fuel-intensive regions of the Middle East.
These policies are critical to the PV manufacturing industry. And a small change in policy can have a significant impact on the industry as a whole.
A new notice from China on the export of PV solar products, which will take effect on 1 December 2024, reduces the export tax rebate rate for some photovoltaic and solar cell products from 13% to 9%, a change that has set off a series of chain reactions like a stone thrown into the surface of a lake.
The shipment boom with the race against time!
After the news of the policy adjustment, PV solar companies involved in foreign trade acted quickly with a large number of emergency booking to grab shipments of action among the industry. Time is money, a foreign trade manager of a solar energy and lithium battery was busy booking shipments. The reduction in the export tax rebate rate means that corporate profits will be directly reduced by about 4%, which would have a huge impact on the already thin profits of the foreign trade business.
Read more: PVTime