China plans to restrict excessive solar expansion

MG News | July 09, 2024 at 11:42 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

July 09, 2024 (MLN): China’s government on Tuesday released a draft regulation aimed at curbing expansions within its world-leading solar industry.

The government will curb new manufacturing projects that simply expand existing capacity, and direct companies to instead strengthen technological innovation, improve product quality, and reduce production costs, said the draft rule released by the Ministry of Industry and Information Technology.

Moreover, the government plans to increase the minimum capital ratio for solar photovoltaic (PV) manufacturing projects to 30% from the current 20%.

The draft rule comes as domestic companies struggle with losses amid oversupply and fierce competition, according to Bloomberg.

The draft regulation also requires higher efficiency in products coming out of existing and new factories, and sets minimum requirements for research and development spending.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	178,414.80 330.97M	-0.64% -1156.47
ALLSHR	107,979.81 864.46M	-0.57% -621.12
KSE30	53,112.84 164.66M	-0.81% -435.57
KMI30	254,200.25 128.37M	-0.98% -2525.45
KMIALLSHR	70,176.27 527.97M	-0.63% -444.42
BKTi	48,335.58 54.94M	-0.60% -289.45
OGTi	36,755.69 6.59M	-1.14% -423.83

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	60,340.00	61,125.00 58,945.00	345.00 0.58%
BRENT CRUDE	72.87	73.50 71.83	0.88 1.22%
RICHARDS BAY COAL MONTHLY	103.50	0.00 0.00	0.30 0.29%
ROTTERDAM COAL MONTHLY	116.65	118.55 116.00	3.30 2.91%
USD RBD PALM OLEIN	1,135.00	1,135.00 1,135.00	0.00 0.00%
CRUDE OIL - WTI	70.51	71.15 69.32	1.28 1.85%
SUGAR #11 WORLD	14.80	14.90 14.48	0.29 2.00%