GreenergyDaily

Jul. 4, 2025

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14 solar companies, and stressed that they need to better manage disorderly competition and speed up the elimination of outdated production capacity.

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.

It’s unclear whether Thursday’s meeting will signify a change of fortune. The minister is the highest-level government official to meet with industry leaders so far, highlighting the seriousness with which Beijing views the troubles. But the ministry’s statement didn’t include any details or specific action plans to eliminate the overcapacity.