China's solar panel industry facing gloomy times

The EU and China are shaping up for their biggest trade battle yet, in a row over solar panel production and pricing.

China produces more solar panels than are used globally, prompting the US to slap high import tariffs on them to keep its own producers happy.

But Europe is considering a 47% import tax on Chinese-made panels - just as the Chinese government begins to cut subsidies to its factories.

Adam Parsons reports.