Cover Story: Are Chinese Solar Giants Flying Too Close to the Sun?

China’s solar panel makers, who already account for up to 95% of global manufacturing capacity, are doubling down on their investment in the booming segment, announcing expansion plans up and down the supply chain.

But with capacity already exceeding demand and on track to balloon by 2030 to far in excess of forecast market requirements, analysts and investors alike are beginning to question whether these plans are justified.