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2024-10-23 09:50:39
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scmp.com on Nostr: Summary of Chinese solar stocks jump on rumours Beijing will stifle excess supply, ...

Summary of Chinese solar stocks jump on rumours Beijing will stifle excess supply, price war



The source article:
Chinese solar stocks jump on rumours Beijing will stifle excess supply, price war


Moves, if implemented, would end price war and eliminate less-capable firms that churn out low-quality equipment, analyst says.

https://www.scmp.com/business/china-business/article/3283527/chinese-solar-stocks-jump-rumours-beijing-will-stifle-excess-supply-price-war?utm_source=rss_feed

The article reports on the surge in stocks of several Chinese solar companies, including Xinyi Solar, GCL Technology Holdings, Longi Green Energy Technology, and Sungrow Power Supply, following rumors of new rules from the Ministry of Industry and Information Technology (MIIT) to curb oversupply and price war in the solar photovoltaic (PV) manufacturing sector. The rumors suggest that the MIIT will implement restrictions on energy consumption for PV production and stricter requirements for utilization rates of production capacity.
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