China Solar Leaders Urge Government Intervention to Cure Slump
- Build-up of factories outpaced global demand, affecting prices
- ‘Bloodshed competition’ is killing the industry: GCL’s Zhu
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Leaders from some of China’s top solar manufacturers called for increased government action to guide the industry as excess production capacity slashed prices and profits.
China’s central government should help coordinate the solar industry’s development to help companies avoid over-competition, Trina Solar Co. Chairman Gao Jifan said at a conference in Shanghai. The government should guide auctions to protect manufacturers from low bids, GCL Technology Holdings Ltd. Chairman Zhu Gongshan said in a separate speech.