- GCL Technology Holdings is planning its first factory outside China to tap into higher prices overseas and serve foreign customers.
- The US is too expensive for GCL, which is focusing on Europe, the Middle East and BRICS countries.
- GCL is the world’s second-largest manufacturer of polysilicon.
- The company plans to build a foreign factory through a joint venture with a local industry leader.
- GCL's reticence on the US stands in contrast to three top Chinese solar equipment makers that have announced plans of US factories since passage of the Inflation Reduction Act.
Central banks around the world are pausing tightening campaigns as inflation eases and economies slow. Inflation-targeting regimes are keeping their own houses in order, while the US Fed's key inflation gauges fell to the slowest annual paces since late 2021.
Two massive earthquakes on Monday have devastated cities and towns across Turkey and Syria, with death toll of over 16,000. This is one of the worst natural disasters this century, alongside the 2004 Sumatran Tsunami, 2010 Haiti earthquake and 2008 Cyclone Nargis.
A raft of U.S. data and European inflation numbers will give guidance on how the world's top central banks will navigate the way ahead, including the hotly debated "no landing" scenario. Reports on U.S. durable goods orders, home prices, manufacturing and consumer confidence threaten to cement expec