On Oct. 11 in Hangzhou, Tongwei, GCL and other leading Chinese photovoltaic
firms held a closed-door meeting to advance an initiative aimed at curbing
destructive intra-industry competition. Attendees agreed an implementation plan
to limit capacity, proposing market-based mechanisms for firms to coordinate and
voluntarily restrain capacity according to aggregate market demand, and set
explicit price floors for polysilicon and modules.