Suntech Power and LDK Solar Decline on China Loan-Cost concerns

Suntech Power and LDK Solar Decline on China Loan-Cost concerns Solar companies' borrowing costs will rise if policies by China's Premier Wen Jiabao to boost the country's non-bank lending are put in place, said Hari Chandra Polavarapu, an analyst at Auriga USA in New York. China needs to break a banking "monopoly" of a few big lenders that make easy profits because it's hard to borrow money elsewhere, Wen said yesterday, as cited by China National Radio. Suntech Power and LDK Solar Decline on China Loan-Cost concerns Trade News selected by Local Linkup on 06/04/2012