Policy Shockwaves and Cost Storms Hit PV Industry in a “Pivotal Week”, Cancellation of VAT Export Rebate Triggers Industry Upheaval
I. Policy “Starting Gun” Fires, Inevitable “Front-loaded Export” Surge in Q1 The central event driving the industry last week was undoubtedly the joint announcement by the Ministry of Finance and the State Taxation Administration on January 9th. It explicitly stated that the VAT export rebate for mainstream PV products, including silicon wafers, cells, and modules, will…