News
China Solar Chiefs Urge Patience as Sector Tackles Overcapacity
China’s solar manufacturers must be patient in resolving deep-rooted problems of oversupply and price competition that have caused sector-wide losses, senior company executives warned at an industry conference.
“We should not expect the anti-involution can be achieved in just one or two days,” Lin Jianwei, Chief Executive Officer of Jolywood (Suzhou) Sunwatt Co. said, referring to measures aimed at tackling manufacturing overcapacity. “We need to be mentally prepared for a long-term battle,” he said at the BloombergNEF Summit in Shanghai on Tuesday.