20, 2009, the Wuxi Intermediate People's Court has ruled that pursuant to the Bankruptcy Act, the implementation of the bankruptcy reorganization of Suntech Power Co., Ltd.. On the same day, the listed companies Suntech announcement that appointed Zhou Weiping as president. Zhou Weiping Prior to serving in Wuxi Guolian Group means Wuxi Guolian public intervention Suntech reorganization.

Wuxi Suntech Power Co., Ltd. (Suntech) was established in January 2001 by Zhengrong Shi, China's photovoltaic industry benchmark for enterprise, but also China's first photovoltaic companies listed in New York. As a result, Suntech bankruptcy, so that all of our photovoltaic business kind of feeling of the end has come.

Market economy is like the sea, and then a big corporate bankruptcy is nothing more than a spray; However, as the a sunrise industry benchmark, Suntech bankruptcy in eight or nine really put on a "wonderful". In fact, if you know that more than 90% of our polysilicon business has been discontinued, you will understand, Suntech not wonderful. It is only under the PV solar cell industry in the winter, a fallen woman in the.

Suntech bankruptcy first is bold and aggressive, it operated a series of erroneous judgment of the market, it finally taste the bitter fruit. But its bankruptcy there with a fundamental reason, and that is paying the government a teammate, always unselfishly give a great help, "probably eight twenty rounds" but always induce it to make such difficult understand the wrong things.

The past 10 years, China's PV small solar panels industry aura enveloped attract numerous capital aroused the enthusiasm of numerous local governments chase. Case of Jiangsu Province, the the National Photovoltaic largest province since 2008, has built a photovoltaic industrial park in Changzhou, Wuxi, Jintan, Changshu, Zhenjiang, Yangzhou, Yancheng, Xuzhou, Taizhou, Gaoyou, Qidong, Suzhou. A winter in the photovoltaic industry, Jiangxi is still "optimistic" to expect 2012 PV industry realized main business income has just exceeded 100 billion, the end of the "12th Five-Year" would reach 250 billion yuan.

The PV industry is so hot it is in the end how much energy? Jane aquatic, Beijing Jiaotong University professor of optical technology have an estimated 10 kg of polysilicon producing 1 kilowatt of generating capacity PV inverter power only enough a refrigerator working day. Manufacturing polysilicon need to burn more than 2 tons of coal in China, so many coal-generated electricity, while still allowing a refrigerator for 20 years.

Although known as a green, photovoltaic manufacturing high energy consumption, high pollution, and inefficient and high-risk use, light cost recovery to take more than a decade, security and hydropower, nuclear power can not compete. This is also doomed it the few people in the market cares about, only to attract a customer: the government, but also the government of the United States, Germany and other countries who can provide high subsidies.

Although up to 90% dependent on foreign markets, but many of our local government or cast an enchantment, and continue to build an independent industrial park, regional and competing with each other, you gave me on the duty-free; tax exemption I give you the money ... launched a "competition" called tragic government grants. It can be said that the PV industry in China is government fatten wild boar.

PV companies have worked like a wild boar in the jungle, though not very fat, but it can make it run faster.

However, the Government is now holding taxpayers Food, photovoltaic products of pig feed too coat color Hongliang the Biaofei abled. For "wild boar", but made no wilderness survival instinct. And foreigners see so many cheap pig, do not appreciate, but despise our artificial fattening of pigs - to seize a large number of favorable evidence to impose sanctions on China unfair competition, and ultimately makes the Chinese PV companies caught in the situation of passive development.