Written by by Ralph Jennings at scmp.com
Executives from China’s solar cell industry met on Monday to shine a light on increasingly “vicious” competition at home that is hurting growth in the multibillion-dollar sector at a time of mounting threats from Western countries, a trade group and domestic media outlets said.
The 780-member China Photovoltaic Industry Association trade group called a day-long forum in Shanghai to find measures that “resolve supply and demand imbalances in an orderly manner and clear excess production capacity”, according to a notice posted on Chinese news aggregator Sina.
Participants at the forum included LONGi Green Energy, Tongwei and JinkoSolar, the 21st Century Business Herald reported.
Following the meeting, LONGi said it had no plans to cut production and instead expected a “gradual recovery in the future through market mechanisms”, according to a research note from Daiwa Capital Markets.