Jinko Solar

Though China is renowned for its booming renewables sector and strong government investments, some Chinese manufacturing companies have been hurt by slowed international appetite for turbines.

Chinese wind and solar manufacturing company Cleantech Solutions International blamed its weak second quarter financial results on a slowing wind sector that has been receiving less government support in recent months. Net income dropped by nearly a third in the second quarter of 2011–from $3 million during the same quarter in 2010 to $1.2 million this year–and total revenue dropped from nearly $19 million in Q2 2010 to $12.6 million in the quarter ending in June 30, 2011, the company reported on August 15. Keep reading →