China Solar Exports Fall 39 Percent in August

China saw its solar equipment exports fall 39 percent in August compared to the previous year, marking the fourth consecutive monthly decline following the removal of an export tax rebate. Customs data showed total shipments reached 840000 metric tons valued at 225 billion dollars.

Workers walk at a solar power station in Tongchuan, Shaanxi province, China December 11, 2019. Picture taken December 11, 2019. REUTERS/Muyu Xu

China shipped 840,000 metric tons of solar equipment in August, dropping 39% from a year earlier. The decline marks the fourth consecutive monthly drop following the removal of a key export tax rebate. Total export value fell 23.1% to $2.25 billion over the period.

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