Complaints from the ministry of industry and information technology in the solar container industry

Rather than engaging in destructive price wars, the ministry is calling for swift action to curb cut-throat competition, while strengthening capacity monitoring, early warning, and regulatory oversight. Overcapacity in the market has been distorting the solar PV manufacturing industry in China, with record low prices eating away profits, something the Chinese regulators are now keen to stop. The Ministry of Industry and Information Technology (MIIT) is meeting solar companies this week to tackle price wars and oversupply. Talks include a plan by producers to create a $7B fund to shut down about one-third of production capacity. China Pushes Solar Firms to Cut Overcapacity After Second Ministry Meeting | DeepNewz China Market Brief New Daily market recaps with key events, stock movements, and global influences Open main menu Search DeepNewz Real-time, unbiased, personalized news Real-time, unbiased, personalized news For.