Chinese authorities urged stronger capacity controls in the solar industry as it struggles with persistent overcapacity. The Ministry of Industry and Information Technology and the National Development and Reform Commission held a Friday meeting calling for tighter inter-department coordination and consistent policy enforcement. Officials have met solar firms at least three times this year amid losses from intense competition, also involving state power buyers such as China Huaneng Group and Chi

Chinese authorities urged stronger capacity controls in the solar industry as it struggles with persistent overcapacity. The Ministry of Industry and Information Technology and the National Development and Reform Commission held a Friday meeting calling for tighter inter-department coordination and consistent policy enforcement. Officials have met solar firms at least three times this year amid losses from intense competition, also involving state power buyers such as China Huaneng Group and China Datang Corp. Solar stocks rose Monday, with Jinko Solar and CSI Solar up as much as 1.6%.