BUSINESS

China Solar Exports Surge in Early Sign of Industry’s Recovery

Published: May. 7, 2026 5:57 p.m. GMT+8

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China’s solar industry showed tentative signs of recovery in March, with exports surging ahead of the cancellation of export tax rebates and equipment prices beginning to stabilize after a prolonged downturn.

Analysts say stronger overseas demand, easing overcapacity pressures and growing geopolitical concerns over energy security could help stabilize one of China’s most strategically important manufacturing sectors after years of falling prices and shrinking margins.

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China’s solar exports surged in March before April 1 tax rebate expiry, driven by overseas demand amid Hormuz disruptions; CICC estimates 17.5% export boost.
Domestic solar cell output fell 20.6% YoY (steepest since 2015); PV prices rose 5.2% YoY; added nearly 6 GW centralized solar capacity.
Industry rebalancing after 2023 price war, overcapacity; 2025 losses exceeded 50B yuan ($7.3B).

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Who’s Who

China International Capital Corp. Ltd.: China International Capital Corp. Ltd. estimated the U.S.-Israel-Iran conflict could boost Chinese solar equipment exports by 17.5% and increase potential demand by nearly 5%.

AI generated, for reference only