China’s Troubled Solar Industry May Be Nearing a Turning Point

Current State of China's Solar Industry: China's solar manufacturers, including Longi Green Energy and others, reported significant losses due to overcapacity and low prices, with a combined loss of $2 billion in the first half of the year. The industry is facing challenges from rising trade tensions with the US and EU, which may further complicate recovery efforts.

Future Outlook and Industry Adjustments: Analysts predict that while a turnaround may be on the horizon, it will take time for prices to stabilize, potentially not until 2025. Companies are seeking government intervention to regulate production and promote consolidation, as some firms have already begun restructuring and delaying expansion plans.