Gov­ern­ment urges so­lar in­dus­try con­sol­i­da­tion

China Daily (Canada) - - BUSINESS -

The gov­ern­ment is en­cour­ag­ing in­dus­try con­sol­i­da­tion among so­lar com­pa­nies, through merg­ers and ac­qui­si­tions or restruc­tur­ing, as smaller play­ers in the do­mes­tic mar­ket strug­gle to cope with fall­ing or­ders. Only com­pa­nies with strong tech­nol­ogy, re­sources, man­age­ment and brands are equipped to ben­e­fit from cur­rent con­di­tions, theMin­istry of In­dus­try and In­for­ma­tion Tech­nol­ogy said in a state­ment. It ex­pects steady growth in the in­dus­try in the sec­ond half, how­ever.

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