China's solar panel industry continues to struggle with a persistent price slump as manufacturers avoid cutting excess production capacity. Despite efforts by Beijing to rein in competition, companies remain reluctant to reduce output for fear of losing market share. This has resulted in prices staying well below the levels seen before a surge in production a few years ago.

Chinese companies hold a dominant position in the global solar panel market, accounting for roughly 80% of the combined market share. The ongoing capacity glut limits the impact of policy measures aimed at stabilizing the industry.

The situation was reported from Dalian, China, highlighting the challenges faced by the sector in balancing production and market dynamics.

Source: Nikkei Asia

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