This is a positive strategy which will protect the solar industry in a long run. With the changing environmental crisis, it will benefits the whole solar power industry as China is the main manufacturer in the world in terms of price competitiveness & quality.

Market Chatter: China's Solar Makers Form 3 Billion Yuan Entity to Tackle Industry Glut

China's polysilicon producers have teamed up to form Beijing Guanghe Qiancheng Technology to address severe overcapacity in the solar industry, Reuters reported Wednesday.The new entity was registered in Beijing on Dec. 9 with a capital of 3 billion yuan, according to the report.Tongwei indirect unit of Tongwei Solar Technology holds the biggest stake in Beijing Guanghe Qiancheng Technology at 30.4%, Reuters wrote. GCL Technology is the second largest shareholder.Other shareholders were linked to Xinte Energy and CSG Holding , according to the report.
Market Chatter: China's Solar Makers Form 3 Billion Yuan Entity to Tackle Industry Glut

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