China will improve policies to support more solar power facilities with government subsidies in power pricing, said the statement. The renewable energy fund will be expanded to ensure that more distributed PV projects receive government subsidies in time.
Financial institutions are encouraged to support PV companies and help them overcome financing difficulties, said the statement.
China will support research and development into key materials and key facilities in the PV sector, it vowed.
To foster bigger and stronger companies and curb the blind expansion of production capacity, China will encourage mergers and reorganizations among PV makers.
Earlier this month, the EU imposed an interim anti-dumping duty of 11.8 percent on imports of all Chinese solar panel products, including panels, cells and wafers. If both sides fail to come to an agreement, the duty will be raised to an average of 47.6 percent in two months.
Chinese solar panel firms have complained that the EU's punitive duties will eat away at their low margins and could even drive them out of the market.
Developer razes historic Guangzhou structures
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