Chinese solar stocks rally after the State Council says it wants to encourage solar M&A...
Dec 19 2012, 10:14 ET
Chinese solar stocks rally after the State Council says it wants to encourage solar M&A activity in a bid to reform the struggling industry. The council adds it wants to reduce government support (previous), and suggests it's willing to let companies go bankrupt. Consolidation, something Beijing has long hinted it would support, would help the industry address its huge overcapacity problem, and perhaps also foreign anti-dumping complaints. LDK +11.1%. YGE +9.3%. JASO +3.3%. CSIQ +6.5%. TSL +5.5%. JKS +4.5%. STP +7.5%.