China's Solar Industry Faces Critical Overhaul Amidst Financial Struggles
Leading manufacturers report significant losses as the industry grapples with oversupply and international trade tensions.
- Top Chinese solar firms report combined losses of $2 billion in the first half of the year.
- Excess capacity from rapid expansion has driven prices to record lows, straining profitability.
- Trade tensions with the US and Europe threaten market access for Chinese solar products.
- Analysts predict a wave of factory closures and consolidation to rebalance the market.
- Calls for government intervention include regulating new factories and promoting industry consolidation.
Financial Post 