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China has flooded the market with so many solar panels that people are using them as garden fencing.

US Treasury Secretary Janet Yellen is set to discuss industrial overcapacity with top Chinese officials during her trip to China that starts on Wednesday.

Solar panels — 80% of which are made in China — are so cheap that they are now being used to line garden fences in Germany and the Netherlands, the Financial Times reported on Tuesday. Solar panel supply globally is forecast to reach 1,100 gigawatts by the end of this year — three times more than demand, the International Energy Agency wrote in a report released in January. Last month, Longi Green Energy Technology, the world's largest solar cell manufacturer, announced it was laying off thousands of workers amid overcapacity and low prices.

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