China’s Shaken Solar Sector Rallies on Plan to Halt Slump
- Trina jumps 18% while GCL up 12% after industry body meeting
- Investors hope for turnaround after profit-crushing price war
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The main industry body for China’s solar companies, which dominate global supply chains, called for an end to a profit-slashing price war to halt a slump that some executives forecast could last through 2025.
New efforts, potentially including government intervention, are required to crack down on sales of equipment and materials at below cost-prices, the China Photovoltaic Industry Association said in a Tuesday WeChat post. The statement described a May 17 meeting attended by company executives and an official from the Ministry of Industry and Information Technology.