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Chinese solar manufacturer losses double estimates

Chinese solar manufacturer Yingli Green Energy Holding’s (YGE.NYSE) losses in the fourth quarter of 2012 were double that of expectations, Bloomberg reported. However, the reported loss of about US$200 million was down from US$610 million in 2011. A 43% jump in shipments last year put the company on the way to becoming the world’s biggest solar manufacturer. The company’s American depositary receipts closed unchanged at US$2.40 on Monday.

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