Featured in Born in the USA – 02-2026

Policy shifts and rising costs

Policy rebalancing and rising production costs are set to shape China’s solar market in 2026. Just weeks into the new year, two key policy moves have already shifted expectations across the photovoltaic value chain, marking a move away from the prolonged “involution” that has weighed on the industry in recent years. OPIS analyst Brian Ng shares an update.
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pv magazine

Regulatory efforts to rein in Chinese PV oversupply in 2025 were mainly focused upstream, with the expectation that tighter supply discipline and higher polysilicon prices would filter down. However, cost transmission remained limited, and weak end-user demand capped prices for cells and modules, preventing upstream cost increases from being fully passed on. The imbalance was …

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