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China Vows to Help Rein In Redundant Solar Factory Investment.
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- Abstract:
China's government has pledged to assist struggling solar manufacturers by monitoring factory utilization and expansion plans to avoid redundant investments. This comes after solar companies called for government intervention due to a surge in capacity that led to plummeting equipment prices and company profits. The government aims to create a favorable market environment by guiding the construction and release of production capacity and avoiding duplicate construction. While reining in solar expansion may take time, it could benefit foreign markets that are concerned about Chinese supply chains. Additionally, China's clean energy adoption is accelerating, with a decrease in thermal power output and a surge in new clean energy, potentially indicating a decline in carbon emissions. [Extracted from the article]
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