Yingli Green's loss shrinks on China demand

Fri Aug 30, 2013 6:11am EDT

Aug 30 (Reuters) - Yingli Green Energy Holding Co Ltd posted a smaller quarterly loss mainly due to surging demand for its solar panels in China, where the solar power generating capacity is expected to more than quadruple in the next two years.

Net loss narrowed to $52.3 million, or 33 cents per American Depositary Shares (ADS) in the second quarter, from $90.2 million, or 58 cents per ADS, a year earlier.

Revenue rose about 13 percent to $550.4 million.

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After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.