China’s solar thermal industry is at a crossroads, with its future hinging on the integration of several key thermal applications and technologies, the China Securities Journal cited Xu Xinjian, chairman of industry leader Jiangsu Sunrain Solar Energy Co. Ltd. (603366.CN), as saying. As a worldwide leader with over 42 million square meters of solar thermal panels produced annually, China commands over 70 percent of the global market share. China’s solar thermal industry is worth over 100 billion yuan (US$16.55 billion) a year, with 95 percent of the heat produced being consumed domestically. The Ministry of Industry and Information Technology (MIIT) aims to nurture three flagship solar heater companies with annual production of over 2.5 million units each by 2015, the report said.
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