The turning point of solar photovoltaic industry in China: Will it come?

Influenced by the international environment, price of photovoltaic (PV) products has continued to drop in recent years. The production enthusiasm of manufacturers was affected, and the market was in depression at once. To realize the expansion of domestic market, China has implemented many incentives since early 2009. This paper reviews the present status and development trend of the Chinese PV industry. It focuses on the turning point problem and draws the conclusions: First, there are still some obstacles to overcome, the key ones are the too low PV product price, industry overcapacity, unbalanced industrial demand and supply, cutbacks in foreign PV market and uncompetitive technologies. Second, the turning point of PV industry in China will come in the future if the problems in PV industry can be solved and the large-scale of the industry can be achieved. Third, the Chinese government is gradually clearing up the obstacles of the development of PV industry, and the turning point is on the way, maybe not later than 2020. At the end of the paper, suggestions are offered as references for the government.