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Solar Giant Jinko Falls as Plant Spending Outweighs Profit Surge

(Bloomberg) Jinko Solar Co., one of the world’s largest panel producers, fell as much as 12% after outlining plans to raise 9.7 billion yuan ($1.3 billion) for a manufacturing facility, underlining the sector’s ongoing need for major investments in new plants. Most Read from BloombergRussia Calls Emergency Key Rate Meeting as Ruble PlungesHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeTrump Indicted Over Attempts to Overturn Georgia's 2020 Presidential Vo

China gives nod for six nuclear reactors

China’s State Council approved six new nuclear reactors as it continues to expand the world’s biggest pipeline of new atomic energy projects, reports Bloomberg. Two units each were approved at a July 31 meeting for the Shidaowan power plant in Shandong, Ningde in Fujian and Xudabao in Liaoning, with a total estimated investment of RMB…

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