Germany's move may 'force many Chinese producers into bankruptcy'

Chinese and European solar industry insiders have expressed disappointment after Germany's parliament finalized a cut in subsidies, saying the move has "shaken the sector".

From April 1, subsidies to the industry were cut by as much as 29 percent. The move is expected to slow the annual pace of installations by 50 percent in Germany, the industry's biggest market, and reduce solar panel exports from China, the home of the world's biggest producers.