CITIC Securities has reported that the Ministry of Commerce and the Ministry of Science and Technology are currently gathering feedback on revisions to the export control regulations. These revisions specifically target the core technologies and pivotal equipment involved in the three key stages of photovoltaic production: polysilicon, wafers, and cells. On the very same day, the Ministry of Industry and Information Technology unveiled a draft version of the for public comment. This draft signals a comprehensive shift towards N-type technology and imposes stricter efficiency and energy consumption benchmarks.

These dual policies—one with an international focus and the other domestic—serve a dual purpose. Externally, they act as a deterrent to overseas capacity expansion, while internally, they expedite the elimination of outdated and surplus capacities. The photovoltaic industry is thus undergoing a transformation, moving away from a landscape dominated by uniform price competition and towards a phase of high-quality development that prioritizes technological innovation and energy efficiency.

Through the elevation of technical standards and the enforcement of export constraints, these policies effectively reduce the viability of low-efficiency production capacities. Conversely, advanced production facilities that boast superior efficiency and cost-effectiveness are poised to reap substantial benefits.