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China Over-Capacity––– Shifting from Heavy to Light Industries

News from Caixin

Thematic (Sector/Industry)

China Energy equipment and services / Thematic (Sector/Industry)

LONGi Green Energy Technology (601012 CH)

<ul>
<li>Many Chinese solar manufacturers slowed or halted production altogether in the first half of this year, as they struggled to survive amid overcapacity and an ensuing price war, prompting an industry group to call for faster consolidation among the firms.</li>
<li>“It’s rare for the whole industry to lose money,” Wang Bohua, honorary chairman of the China Photovoltaic Industry Association (CPIA), said at a solar conference in the eastern province of Zhejiang on Thursday.</li>
<li>“Among the companies in the main industrial chain that have released their half-year forecasts, most are in a state of loss,” Wang said.</li>
</ul>


Many Chinese solar manufacturers slowed or halted production altogether in the first half of this year, as they struggled to survive amid overcapacity and an ensuing price war, prompting an industry group to call for faster consolidation among the firms.
“It’s rare for the whole industry to lose money,” Wang Bohua, honorary chairman of the China Photovoltaic Industry Association (CPIA), said at a solar conference in the eastern province of Zhejiang on Thursday.
“Among the companies in the main industrial chain that have released their half-year forecasts, most are in a state of loss,” Wang said.


China’s Solar Sector Must Consolidate Amid Mounting Losses, Industry Group Warns 