China's PV industry remains in a deep adjustment and now needs reduction-oriented development rather than further capacity expansion, according to Liu Yiyang of the China Photovoltaic Industry Association. The comment reinforces expectations that policy will prioritise capacity discipline, efficiency and profitability over volume growth. It also signals that industry leaders see consolidation as necessary before a durable price recovery. The source did not provide a specific capacity-reduction target or timetable.
Edited by Lucas Wang, wangchenghao@mysteel.com
