Tough action to help growth of photovoltaic biz

New measures in place to eliminate disorderly competition in crucial sector

China's systemic governance of cutthroat pricing practices and accelerated phase-out of obsolete production capacity will speed up the photovoltaic sector's strategic shift to value-driven growth, experts said.

The comments came after the Ministry of Industry and Information Technology convened a pivotal symposium on Thursday, announcing sweeping measures to eliminate low-price disorderly competition in the photovoltaic sector.

Chaired by Li Lecheng, minister of MIIT, the meeting outlined a three-pronged strategy: systemic governance of cutthroat pricing practices, enterprise-level quality enhancement initiatives, and accelerated phase-out of obsolete production capacity, to ensure "healthy and sustainable development."