China urgently needs consolidation in the solar manufacturing industry as overcapacity and price wars are leading local companies to a race to the bottom, a major industry group said on Thursday. Chinese solar companies, local and central governments, and financial institutions need to work together toward faster consolidation in the sector, in which many smaller firms are currently struggling, Wang Bohua, head of the China Photovoltaic Industry Association, said at a solar conference on Thursday, as carried by Bloomberg. The large companies haven’t…
