Latest news with #LiLecheng
Nikkei Asia
6 days ago
- Business
- Nikkei Asia
China eyes steps to ease solar panel industry price war
Energy Government looks to maintain country's 80% share by addressing capacity glut China's domination over solar panels covers the entire supply chain, from raw materials to the finished product. © Reuters KOHEI FUJIMURA DALIAN, China -- The Chinese government is cracking down on price competition in solar panels, looking to bolster the sustainability of an industry in which China holds global dominance, but that is deteriorating due to oversupply. "We will comprehensively manage the disorderly low-price competition," Li Lecheng, China's minister of industry and information technology, said at a roundtable discussion on Thursday with the heads of related companies and industry groups.
South China Morning Post
04-07-2025
- Business
- South China Morning Post
As China vows once again to tackle solar panel oversupply, will this time be different?
China has vowed to reduce excessive competition and oversupply in its solar photovoltaic (PV) industry, which is continuing to explore global markets. Industry and Information Technology Minister Li Lecheng told 14 representatives from solar PV manufacturers and industry associations on Thursday that the 'industry must be governed in accordance with laws and regulations, and disorderly low-price competition should be comprehensively addressed', the ministry said in a statement released after their meeting in Beijing. 'Companies should be guided to improve product quality, promote the orderly phase-out of outdated production capacity, and achieve healthy and sustainable development,' Li said. On Tuesday, at a meeting of the Central Financial and Economic Affairs Commission, the country's top economic decision-making body, President Xi Jinping took aim at 'disorderly low-price competition' and ordered the removal of excess industrial capacity. At Thursday's meeting with Li, PV industry representatives talked about the difficulties they faced in production, innovation and competition, and offered suggestions for possible policy support, the ministry said. Li urged those present to have a 'comprehensive and objective view of the development landscape of the photovoltaic industry' to 'further consolidate and enhance' China's advantages in the industry.
Reuters
03-07-2025
- Business
- Reuters
China's industry ministry is set to tackle price war in solar sector
BEIJING, July 3 (Reuters) - China's industry ministry pledged on Thursday to curb disorderly low-price competition in the photovoltaic industry, in an attempt to prop up the sector. Many of China's leading solar manufacturers have suffered losses as a result of overcapacity and a prolonged price war. In a meeting with solar companies and industry association representatives, Li Lecheng, head of China's industry ministry, said authorities should guide companies to improve quality and "promote the orderly exit of outdated production capacity," according to a statement released by the ministry. The ministry will step up guidance and governance for the industry, Li said. He also urged industry associations to take responsibility for improving industry self-discipline. Earlier this week, China's senior leaders said they would tighten regulation to deal with aggressive price-cutting by Chinese companies. Separately, China's top solar panel manufacturer LONGi Green Energy Technology ( opens new tab told state media Securities Times on Thursday that it would accelerate the commercialisation of high-efficiency products to overcome the low-price dilemma. It added that market share for "high-quality capacity" in the sector would grow more quickly after "outdated" capacity is phased out.
Bloomberg
03-07-2025
- Business
- Bloomberg
China Vows to Increase Oversight of Wayward Solar Sector
The Chinese government vowed to increase oversight of the nation's beleaguered solar industry, which has suffered billions of dollars in losses as an over-abundance of manufacturing capacity slashes prices. The Ministry of Industry and Information Technology said in a statement that it would strengthen its guidance over the industry to help it solve urgent problems. Minister Li Lecheng met Thursday with leaders from 14 solar companies, and stressed that they need to better manage disorderly competition and speed up the elimination of outdated production capacity, echoing words from a high-level meeting earlier this week chaired by President Xi Jinping.
